Analysing trading volume on XAUUSD depends heavily on whether you trade spot gold (CFD) or gold futures (GC). Because spot gold is decentralised, CFD brokers only show tick volume or broker-specific volume rather than true exchange-cleared volume. For real volume data, many traders look at CME Gold futures or use volume profiles, VWAP, and footprint charts to track institutional participation.
When trading XAUUSD on a prop firm account, volume spikes around major news releases like CPI or FOMC can trigger strict news trading rules or slippage. Always check your firm's specific guidelines regarding news events and daily drawdown limits before holding positions through high-volume catalysts.
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