Glossary · B
What is Basis (GC–XAUUSD gap)?
In this book, the difference between the gold futures price (GC, active month) and the spot or CFD price (XAUUSD). In October 2026 it was roughly $27–30, with GC above XAUUSD. It drifts and must be measured. See the conversion section below.
In context
Many retail traders already watch gold. XAUUSD is one of the most popular CFD symbols in the world. If you trade it, everything in this book applies to you: you can read the futures data and translate the important levels to your own chart using the GC–XAUUSD gap.
Learn it in depth
Related terms
Active month (lead month, front month)XAUUSDCFD (Contract for Difference)
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