Beginners trading gold need five fundamentals first: the 100-ounce contract size, the session structure, the macro calendar, stop distance in dollars per ounce, and their broker spread and swap.
A safe start is demo only, one setup, one session, micro lots, and a journal entry for every XAUUSD trade — with the three account-ending mistakes being oversized lots, unplanned CPI exposure and doubling down after losses.
Gold is a demanding first instrument. It moves 20 to 30 dollars an ounce on a quiet day, the contract is 100 ounces, and the macro calendar can undo a week of careful work in ten minutes. None of that makes it a bad choice — it makes preparation non-negotiable.
GoldHunts — the AI-powered gold trading operating system.