XAU/USD is the label for spot gold traded on the foreign exchange market. Gold (XAU) is traded against the US dollar (USD), and its price represents the cost of one ounce of gold in USD. XAU/USD is traded on the forex marketplace like any traditional currency pair.
The next key confirmation to look at before you enter a trade is technical levels. As a trader, you likely use several technical indicators to confirm a trade.
Also known as confirms or fills, trade confirmations report the trade's details (see the sample image below) and serve as proof that the order has been executed
