Follow a long position
Buy at USD 3,000 and exit at USD 3,020. Two ounces earn USD 40 gross. Subtract USD 3 in additional total costs for USD 37 net.
Reverse the direction
A short position with the same entry and exit loses USD 40 gross because gold rose. After the same USD 3 additional costs, the net result is minus USD 43.
Use executed prices
The tool takes entry and exit fill prices in USD per ounce. Spread is already reflected in those fills. Additional cost can include commission and financing, but do not double count the spread.
Know what you are trading
Short exposure generally uses a derivative or a borrowing arrangement; it is not the same as owning a bar. This linear model ignores currency conversion and product-specific nonlinear payoffs.
Sources & further reading
Sources checked 13 November 2026. These organisations provide reference material and do not endorse this website.
