Tick chart for XAUUSD, showing each change in the ask or bid price. (If the spread is
very tight then the lines may overlap, and only the ask line may be visible.)
As well as a plain tick chart, you can use the "Tick speed" mode to add an indicator showing how long it has taken
for the last N ticks to happen. The lower the histogram, the faster the market is moving.
The "Timed" mode still shows each change in the ask or bid price, but the X axis of the chart is set to
constant units of time. You can use this to view individual ticks while still being able to distinguish between
fast and slow periods in the market.
The "Candles" mode draws tick candles. These are candles which form each time that N ticks happen, rather than
being time-based.
The XAUUSD pair is the abbreviation of Gold against the US Dollar. The international code for gold is XAU.
Gold is usually known as a "safe-haven" asset, and it tends to increase its value in times of volatility or economic uncertainty.
United States is the country that holds the largest resources of gold wordlwide.
Challenges