XAUUSD Top Correlation
LiveXAUUSD correlation
| Symbol | 5 minutes | 1 hour | 4 hours | 1 day | 1 week |
|---|---|---|---|---|---|
  AUDUSD | 56.5% | 42.6% | 44.5% | -5.4% | 8.5% |
 NZDUSD | 58.8% | 37.5% | 44.0% | -13.9% | 14.0% |
| 46.1% | 33.6% | 36.9% | -5.1% | 16.6% | |
 AUDCAD | 47.7% | 33.3% | 37.2% | -3.2% | 0.6% |
 GBPUSD | 39.0% | 32.6% | 33.8% | -12.0% | 14.5% |
 AUDJPY | 25.8% | 19.9% | 18.4% | 12.3% | 6.9% |
 EURJPY | 23.1% | 6.5% | 8.6% | 16.8% | 13.2% |
| EURGBP | 13.0% | 6.4% | 6.3% | 15.3% | -0.7% |
| GBPJPY | 17.5% | 3.5% | 4.4% | 10.3% | 13.2% |
| EURAUD | -15.6% | -18.8% | -16.5% | 3.3% | 4.4% |
 USDCHF | -44.9% | -23.0% | -31.0% | 10.9% | -18.0% |
| USDCAD | -25.9% | -23.6% | -19.8% | 3.2% | -12.9% |
| USDJPY | -27.4% | -25.9% | -29.4% | 17.3% | -0.8% |
XAUUSD correlation measures how closely the price of gold in US dollars has moved with each currency pair in the table. Values are Pearson correlation coefficients shown as percentages, from +100% (moved in lockstep) through 0% (no linear relationship) to -100% (moved in exact opposition). Each column uses a different timeframe, from 5-minute to weekly bars, and the All, Positive and Negative filters sort pairs by the direction of the relationship.
How to read the coefficient
Pearson correlation is the covariance of two price series divided by the product of their standard deviations:
r = cov(X, Y) / (σX × σY)
The sign gives direction and the size gives consistency. At +40%, XAUUSD and the pair moved the same way more often than not, but loosely; near +90%, they behaved almost like the same trade. The coefficient says nothing about magnitude: two highly correlated instruments can still move by very different amounts.
Why pairs line up the way they do
XAUUSD has the dollar as its quote currency. Pairs with the same structure, such as EURUSD, AUDUSD and NZDUSD, rise together on a broad dollar decline. Pairs with the dollar as base, such as USDJPY, USDCHF and USDCAD, rise when the dollar strengthens, so they often appear on the negative side. Crosses with no dollar leg, like EURGBP, have no shared component and often sit near zero.
The same pair can read differently across columns: short bars capture intraday dollar flows, while daily and weekly windows reflect slower themes. Compare columns before treating a relationship as stable.
Using it for risk
Hypothetical example: buying XAUUSD and EURUSD while they show strong positive correlation is close to one larger bet against the dollar, not two independent positions. Size the combined exposure with the position size calculator.
Correlation describes past co-movement, not cause, and it can break down quickly when news hits one market alone.
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