Gold futures traders
Gold Trading Journal
Gold doesn't trade in a vacuum — it moves on dollar strength, real interest rates, and Fed policy expectations more than on anything specific to the metal itself. A gold trade that looks unexplainable in isolation often makes complete sense next to what the dollar or rates did in that same window, which is why journaling gold well means journaling the macro context alongside the trade, not just the entry and exit.
The contract math, in real dollars
GC moves $10 per tick (0.10) and $100 per full point. Micro Gold (MGC) is exactly a tenth of that — $1 per tick, $10 per point. Fillbook logs every GC and MGC fill against its real point value, so P&L and R-multiple reflect the actual dollar risk taken, not a rounded guess.
Fed decisions are a recurring gap-risk event
FOMC rate decisions and Fed chair press conferences routinely move gold sharply within the announcement window, and holding a position through one carries real gap risk that a mid-session trade doesn't. Tagging trades around scheduled Fed events makes that risk visible in your own history instead of a general warning to "be careful."
Sizing creep looks the same on gold as anywhere else
The same behavioral pattern that shows up on micro equity-index contracts shows up on MGC: a low per-tick cost makes it easy for contract count to drift upward over weeks without the dollar risk feeling like it's grown. Tracking size per trade alongside R-multiple in one place is what makes that drift visible before it shows up as a drawdown.
Prop-firm accounts and gold
Gold's real dollar-per-tick value means position sizing has immediate consequences for trailing drawdown and daily-loss limits inside an evaluation or funded account. See the prop-firm trading journal page for the account-rule side of this.
Frequently asked questions
$10 per tick (a 0.10 move) and $100 per full point. Micro Gold (MGC) is exactly a tenth of that: $1 per tick, $10 per point.
Gold pays no yield, so it competes directly with interest-bearing assets — when real rates or dollar-strength expectations shift, gold's relative appeal shifts with them, which is why Fed policy news moves it even though gold itself isn't a rate or currency instrument.
Yes — P&L, R-multiple, and position sizing are all calculated per contract using each contract's real point value, whether trades are imported via CSV or synced automatically from a supported platform.