Skip to content
PipsMorrow

Open MetaTrader 5 for the first time and you may find no gold in the list at all. Knowing how to add XAUUSD to MT5 takes about a minute, but the symbol often hides behind a different name, such as XAUUSD.m or GOLD. Pick the wrong one and you may trade a different contract size than you planned.

This guide walks through the Market Watch steps, explains why the name changes from broker to broker, and shows the specification lines worth reading before your first trade. The examples use the site's shared setup: a $2,400 account, 0.10 lots, 1:500 leverage and gold at $4,300. Every spec value is illustrative, because yours comes from your own account.

Key takeaways

  • Gold is XAU (troy ounces of gold) quoted against USD, and MT5 lists it only after you show it in Market Watch.
  • The steps are: open Market Watch, right-click, choose Symbols, search for XAU or GOLD, then Show Symbol.
  • Brokers rename the symbol with suffixes and prefixes such as XAUUSD.m, XAUUSDm or GOLD, so match the instrument by its specification, not its name.
  • Right-click the symbol and open Specification to read contract size, digits, minimum volume, swap and trade sessions before you place a trade.
  • At 100 ounces per lot, 0.10 lots moves $10 for every $1.00 in price and needs $86 of margin at 1:500 when gold is $4,300.

What XAUUSD means in MT5

XAU is the market code for one troy ounce of gold (31.1035 grams). USD is the currency it is priced in. So an XAUUSD quote of 4300.25 means one ounce of gold costs $4,300.25. The guide to what XAU/USD is covers the instrument itself.

On a forex platform you do not buy physical gold. You trade a CFD (contract for difference), an agreement to settle the price change in cash. That is why the symbol sits in the same list as currency pairs.

MetaTrader 5 is a trading platform that many brokers license. Each broker builds its own symbol list on a server, and MT5 only shows part of it at first. That is why a fresh install can look like it has no gold.

How to add XAUUSD to MT5, step by step

The panel you need is Market Watch, the list of symbols with live bid and ask prices. If you cannot see it, press Ctrl+M or open the View menu and choose Market Watch. Then follow these steps.

  1. Right-click anywhere inside Market Watch and choose Symbols. You can also press Ctrl+U.
  2. Search for the gold symbol. Type XAU in the search box, or browse the folder tree, where gold usually sits under a group named Metals, Commodities or Forex.
  3. Select the line that looks like gold priced in dollars, then right-click it and choose Show Symbol. Double-clicking the line does the same.
  4. Close the Symbols window. The symbol now appears in Market Watch with a live bid and ask.
  5. Open a chart by right-clicking the symbol and choosing Chart Window, or by dragging it into the chart area.
A generic trading platform window with a Market Watch list, a right-click menu and a symbol search, shown as four numbered steps
The same four moves work on any broker's MT5 server, although the menus are drawn here as a generic window.

If the search returns nothing, try GOLD, then clear the box and browse the folders. Some servers hide the metals group until you expand it. If no gold symbol exists at all, your account type may not offer it, and your broker's support can confirm that.

Show only what you trade

Market Watch can get crowded. Right-click a symbol you do not need and choose Hide, so the list keeps only the instruments you actually follow.

Why the gold symbol has a different name at each broker

There is no central register of MT5 symbol names. Each broker chooses its own, and the choice often tells you something about the account. A broker may add a suffix (extra characters after the name) to separate account types, or a prefix before it.

Illustrative examples. Brokers define their own suffixes, so the meaning above is a common reading, not a rule.
Name you may seeWhat it often signalsWhat to check
XAUUSDThe plain name, common on standard accountsContract size and digits
XAUUSD.m or XAUUSDmA mini or micro account, or a marker for one account typeMinimum lot and lot step
XAUUSD. or XAUUSD#A raw-spread or ECN style account, or an internal markerCommission per lot
XAUUSD.pro or XAUUSD.rA professional or raw-pricing tierSpread type and fees
GOLD or XAU/USDA house name for the same instrumentWhether it is quoted in USD per ounce
Five different gold symbol names pointing to one instrument, with a prompt to check the specification
Different names can point at the same instrument, but the contract details behind them can differ.

A suffix is a signal, not a guarantee. A symbol ending in .m might be a mini contract at one broker and simply a naming habit at another. The only reliable way to tell is to open the specification.

Two gold symbols on one server

Some servers list several gold symbols at once, for example a standard one and a mini one. They can have different contract sizes, spreads and minimum lots. Check which one your account is meant to use before you place a trade.

How to read the XAUUSD specification in MT5

Right-click the symbol in Market Watch and choose Specification. MT5 shows the contract terms exactly as the server holds them, which makes this window more reliable than a brochure. The longer guide to gold contract specifications covers every line, and these are the ones to check first.

Names and layout follow MT5's Specification window. Values depend on your broker and account.
Line in MT5What it tells youWhy it matters for gold
DigitsDecimals in the price, usually 2 for goldSets the smallest price step
Contract sizeOunces per 1.00 lot, often 100Sets money per price move
Tick size and tick valueSmallest step and what it is worthCross-check your own math
Volume min, max and stepSmallest and largest position, and the step between sizesLimits how finely you can size a trade
SpreadFloating or fixed, in pointsA cost paid on every trade
Swap long and shortOvernight charge or creditMatters for positions held past rollover
Margin currency and rateWhat the broker locks upDecides how many positions you can hold
Trade sessionsHours the symbol accepts ordersShown in server time

Look at Contract size first, since it feeds every dollar figure. With 100 ounces per lot and a two-digit price, a $1.00 move is worth $100 per lot. At 0.10 lots, that is $10 per $1.00 move, and a 30-point spread (0.30 in price) costs $3.00.

Four MT5 specification lines turned into dollars for a 0.10 lot gold trade
Example spec values, turned into the dollars they mean on a 0.10 lot trade with gold at $4,300.

Margin from the specification

At $4,300, a 0.10 lot controls 10 ounces, a position worth $43,000. Leverage (the ratio between position value and the deposit that holds it) of 1:500 means a margin (the deposit locked up for the position) of $43,000 ÷ 500 = $86. That is about 3.6% of a $2,400 account. At 1:100, the same trade needs $430.

Try it now

Type your own contract size, price and leverage from the Specification window into the Margin Calculator to check the deposit a position locks up.

Check before you trade: demo account and server time

Adding the symbol does not mean you should trade it yet. Open a demo account (a practice account with virtual money) on the same server and place one small trade. The lesson on trading XAU/USD on a forex platform shows what to look for.

  • Compare the live spread with the specification. A floating spread can be several times wider at the rollover.
  • Check the smallest trade. A 0.01 lot is one ounce, so a $1.00 move changes your account by $1.00.
  • Read the clock. Market Watch and the sessions line use server time, which is often New York time plus some hours. Compare it with New York time and UTC before you rely on it.
  • Confirm your costs. Look at swap if you plan to hold overnight, and at commission if the symbol suggests a raw-spread account.

The guide to XAU/USD pip value turns a price move into money, and the one on lot size shows how to choose a position size that fits your risk. If you are still choosing where to trade, the lesson on account types explains what different accounts change.

A reminder on risk

Gold CFDs are leveraged. A small move in price can change your balance quickly, so size a trade to the loss you can accept, not to the margin your account allows.

Frequently asked questions

Why can't I find XAUUSD in MT5?

The symbol may exist on your server under another name, such as GOLD or XAUUSD.m. Open the Symbols window, search for XAU and then for GOLD, and expand the folders. If nothing appears, your account type may not include gold, so ask your broker's support.

What does the .m in XAUUSD.m mean?

It is a suffix the broker added, often to mark a mini or micro account, but meanings vary. Open the Specification window to see the real contract size, minimum volume and spread instead of guessing from the letters.

Is XAUUSD the same as XAU/USD?

Yes, in practice. XAU/USD is the written pair and XAUUSD is how MT5 usually shows it, without the slash. Both mean one troy ounce of gold priced in US dollars.

Can I trade gold with a different symbol name on the same account?

Only the symbols your server lists for your account are tradable. If it shows two gold symbols, they may differ in contract size or costs, so compare their specifications and use the one your broker assigns to your account type.

The PipsMorrow Team

A team of writers covering XAU/USD gold trading education. We focus on explaining the mechanics and risk management in a structured way, with no trade signals and no promotion of any specific broker.

Last updated

Keep reading

Related articles

Ready for the structured path

Build on this article with the full gold trading curriculum, ordered from the basics to advanced topics, free.

See the full curriculum →