What $100 would have done, by leverage
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| Leverage | Held to now | Return | Worst point | Cost of the round trip | Outcome |
|---|
Every minute in the window is walked in order and the worst price inside each bar is tested against the liquidation level before the close, so a position that was liquidated mid-window stays liquidated even if the price later recovered. Opened on the ask and marked on the bid for a long, and the reverse for a short. Indicative example based on third-party market data. Moon's reference price, spread, fees, settlement and liquidation rules may produce a different result.
What a move would mean
0.00%My positions
| Bet | Wager | Leverage | Entry | Liquidation | Mark | Profit / Loss | Multiplier | Action |
|---|---|---|---|---|---|---|---|---|
| No open bets | ||||||||
Leveraged XAU over the last 9.5 hours: what it gained and what it lost
Gold Spot sat between $4,643.28 and $4,646.69 for 9.5 hours. +0.07% to show for it. Here is the ugly part: the long was the correct side and 100x still lost money, $91.34 left of $100. The round trip cost 16% of the stake and the move only paid 0.07%. Wrong side at 50x and $88.33 of the $100 is still there. Open, technically. 2 of 14 rungs did not finish the window. All of them inside the first minute. 100x was the top rung left standing either way. Before direction mattered, the round trip took 16% of the stake. 0.16% of XAU pays it back, some 12% of an average session.
Leveraged trading of Gold Spot (XAU): what has been happening
XAU marks $4,646.69. -0.15% today, +0.84% over five sessions. XAU is +13.96% on the month, so it arrives clearly higher. Three months reads +13.05%, year to date +7.68%. It has closed lower 2 sessions running. The 30-session range is $3,996.32 to $4,695.94, which puts the last price -1.05% off the high and +16.27% off the low.
How volatile is XAU right now
Volatility reads 19.1% annualised across 30 sessions against 21.4% across 90, so tame is the honest label. Average true range across 14 sessions is 1.38% of price, and an ordinary day swings about 1.20% either side of flat. Down 2.01% from an open at worst over 30 sessions, 4.52% over 90. Leverage has to survive the second number, not the first.
What leverage XAU actually survives
The ladder tops out at 20x if the requirement is surviving all 30 of the last sessions. 20x dies on 4.950%; XAU got to 2.01% at its worst. XAU has gone 0.950% against an open-price long, which is where 100x ends, on 30 of the last 90 sessions. That is 33% of them. For 1000x the requirement is 0.0500%, met on 70 of 90 sessions. Median one-minute bar of 0.0091%, and 7.6% of bars are on their own enough to end 1000x. That is the resolution the stop lives at.
XAU liquidation distance and hit rate by leverage
| Leverage | Liquidation distance | Sessions it was hit | Hit rate | Round-trip cost vs stake |
|---|---|---|---|---|
| 2x | 49.9500% | 0 / 90 | 0% | 0.3% |
| 5x | 19.9500% | 0 / 90 | 0% | 0.8% |
| 10x | 9.9500% | 0 / 90 | 0% | 1.6% |
| 20x | 4.9500% | 0 / 90 | 0% | 3.2% |
| 50x | 1.9500% | 14 / 90 | 16% | 8.0% |
| 100x | 0.9500% | 30 / 90 | 33% | 16.0% |
| 200x | 0.4500% | 45 / 90 | 50% | 32.0% |
| 500x | 0.1500% | 63 / 90 | 70% | 80.0% |
| 1000x | 0.0500% | 70 / 90 | 78% | 160.0% |
Liquidation distance assumes a 5 basis point maintenance margin: an adverse move of (1 − leverage × maintenance rate) ÷ leverage. Hit count is the number of the last 90 sessions where the low fell that far below the session open, i.e. where a long opened at the open would have been liquidated intraday. Cost assumes 16 basis points of spread and fees on the round trip.
What a leveraged XAU position costs
Fees come off exposure, not off what you put up, which is where the damage hides. At 16 basis points round trip, 10x costs 1.6% of the stake to open and close and 100x costs 16%. Measured against its own tape, the 100x round trip on XAU costs 12% of a normal session's range. Past about 625x no price path returns the stake, because the bill is larger than the stake.
XAU leverage questions
What leverage is realistic on XAU?
On the last 30 sessions of data the highest rung that avoided liquidation on every session was 20x, which liquidates on a 4.950% adverse move.
How far can XAU fall before a 100x long is liquidated?
0.950% at a 5 basis point maintenance margin. XAU moved at least that far against an open-price long on 30 of the last 90 sessions.
How volatile is XAU right now?
30-session realised volatility annualises to 19.1% and 14-session average true range is 1.38% of price.
Does 1000x leverage make sense on XAU?
No, and the fee schedule settles it before volatility gets a say. At 16 basis points round trip, 1000x costs 160% of the stake in spread and fees alone, so the position opens behind by more than the stake. Liquidation sits 0.0500% away, which XAU can cover in a single minute bar.
What has Gold Spot done recently?
-0.15% on the last session, +0.84% over five sessions, +13.96% over a month and +7.68% year to date, inside a 30-session range of $3,996.32 to $4,695.94.
Before you take this to Moon
Everything above is derived from independent third-party market data. Moon prices its own book: the reference price, the spread it quotes, its fee schedule, its funding rate and its liquidation engine are all Moon's, and they will produce a different number from this page. Use this as a model of the mechanics on XAU, then check the live figures on Moon before committing anything.
We have not verified that Moon lists XAU, so there is no link here. When someone checks, this becomes one.
What this simulator is
Prices come from Twelve Data, an independent market-data vendor, and are indicative. Moon's own reference price, spread, fee schedule, funding and liquidation rules will produce a different result. No money is staked here, no order is routed, and no position exists on any venue. At 1000× leverage a 0.01% difference between this chart and Moon's settlement feed moves the position value by roughly 10% of the stake, so treat every number below as an illustration of mechanics rather than a forecast of outcome.
Leverage arithmetic used
Exposure = stake × leverage. Long P/L = exposure × (mark − entry) ÷ entry. Short P/L = exposure × (entry − mark) ÷ entry. Entry takes the ask for a long and the bid for a short; closing does the reverse, so the spread is charged on the round trip. Liquidation triggers when equity falls to the maintenance margin, i.e. at an adverse move of (1 − leverage × maintenance rate) ÷ leverage.
Jurisdiction
Leverage caps, incentive bans and product classification differ by country. Retail CFD rules in the EU cap equity leverage far below the levels shown in this demo and restrict monetary incentives such as rakeback, so the referral block and the maximum selectable leverage must be gated per market before any page goes live. 18+. Trading leveraged products carries a high risk of losing your capital.