I've noticed that many in the community get confused with XAU and don't understand how it differs from crypto. So I'll try to clarify.

XAU is simply the notation for the price of gold in dollars — one troy ounce per USD.
It sounds simple, but it's one of the most active assets on the markets, with volumes even higher than many coins.

Why do people trade XAU at all?
First, gold acts as a hedge. When the world is unstable, with wars, crises, or inflation — people flock to gold, and this has been proven over time.
Second, it's a way to hedge against the devaluation of money.
Third, liquidity is huge; daily volumes allow for easy entry and exit. Plus, volatility is decent for scalping.

How does this work in practice?
XAU is traded against the dollar, and its movement depends on many factors.
When the dollar weakens, XAU usually goes up.
When the dollar strengthens, gold falls.
Interest rates, inflation data, geopolitical events, news — all of these influence the price.

An important point — XAU is not crypto.
It's a commodity traded on the Forex and futures markets.
Yes, there are platforms with tokens backed by gold, but real XAU is the price of physical metal, nothing more.

Personal advice — if you're trading gold, stick to the trend and don't forget about risk management.
You shouldn't use huge leverage on XAU; it can quickly wipe out your deposit.
A conservative approach with the right position size is better.