Gold in euros (XAU/EUR)

📜 History

Gold has long served as a store of value, and for much of the 20th century it was tied to the US dollar. Under the Bretton Woods system, agreed in 1944, the dollar was pegged to gold at 35 dollars per ounce. The United States ended dollar convertibility into gold in 1971, and gold began to float freely. The euro was launched as a money of account in 1999 and as cash in 2002, creating a new major currency to price gold against. Gold's nominal price peaked near 850 dollars in January 1980 amid high inflation, then fell for about two decades. Gold rose sharply after the 2008 financial crisis and reached record highs in 2011 and 2020. Central banks became net buyers of gold in the 2010s and bought heavily again from 2022.

⚙️ What moves the price

• →Real interest rates and the policy of the US Federal Reserve and the European Central Bank. Lower real rates usually support gold.
• →The EUR/USD rate. Gold is priced in dollars first, so a stronger euro lowers XAU/EUR and a weaker euro raises it.
• →Central bank buying and selling of gold reserves, as shown in official data.
• →Inflation data and safe-haven demand during wars, banking stress or political shocks in the euro area.
• →Moves in US Treasury yields and the US dollar index, which often move opposite to gold.

Character

• •Follows gold's main direction, with smaller daily swings than XAU/USD.
• •Reacts to both the Fed (via gold) and the ECB (via the euro).
• •Respects horizontal support and resistance levels well.

When to trade

• ✅London and New York sessions, when both gold and the euro are liquid.
• ✅Bounces and breakouts at clear levels in the direction of the trend.

When not to trade

• ⛔ECB and Fed decision times and euro-area inflation releases.
• ⛔The night session: the spread is wider than on XAU/USD.

Our verified setups

Latest closed signals

• SELL · M15 · TP530/10+$498
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• SELL · M15 · SL27/10−$102

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Simulation: $10,000 deposit, $100 risk per trade. Pips — price movement; $ — result at fixed risk.