XAUUSD is the trading symbol for gold priced in US dollars — XAU is the market code for one ounce of gold. It is one of the most traded instruments alongside major currency pairs and tends to move on the US dollar, interest rates, inflation, and risk sentiment. Gold is more volatile than many forex pairs, so pip value, spread, and position size deserve extra attention.
When XAUUSD is 2400.00, you are seeing the price of one ounce of gold in dollars. A move to 2410.00 is 100 pips, since each pip on gold is a 0.10 move.
This definition is for educational purposes only and is not financial advice. Trading involves risk.