Gold vs Australian Dollar Today - XAU AUD Chart
XAU AUD Price Today
About this chart
This page includes full information about the XAU AUD, including the XAU AUD live chart and dynamics on the chart by choosing any of 8 available time frames. By moving the start and end of the timeframe in the bottom panel you can see both the current and the historical price movements of the instrument. In addition, you have an opportunity to choose the type of the display of the XAU AUD live chart – Candles or Lines chart – through the buttons in the upper left corner of the chart.All clients that have not yet decided which instrument to trade are in the right place since reading full characteristics of the &XAUAUD and watching its performance on the charts will help them to make their final decision.
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Gold vs AUD Description
Personal composite instrument called «&XAUAUD» reflects the price dynamics of gold against the Australian dollar. The base part of this instrument is composed of 1 ounce of Gold, and the quoted part – 1 Australian dollar. The asset percentage of the instrument is estimated based on the asset prices on the PCI creation day.
The trading instrument &XAUAUD is used for the analysis and trade of Gold quoted against one of the major commodity currencies – the Australian dollar. The Australian economy depends heavily on mining and export of precious metals, particularly gold.
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XAU AUD Historical Data
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Technical analysis is a method of studying and evaluating market dynamics based on the price history. Its main purpose is to forecast price dynamics of a financial instrument in future through technical analysis tools. Technical analysts use this method of market analysis to forecast the prices of different currencies and currency pairs. This type of the analysis will allow you to make market forecast based on studying historical prices of the trading instruments.
See also latest technical analysis of the price dynamics of Daily News and Analytics Australian dollar: XAUAUD forecast.