These are the Best Time That xauusd trading prices Will Move More
There are Best Time that prices will move more because there's a lot of transactions volume and these market hours are the best to trade. So before looking at these Best Time and what makes them the best hours let us look at the individual hours that when combined make the Best Time.
The Three biggest economies in the world are
US
Japan
UK
Euro-Zone though not a single economy, markets time is same as that of United Kingdom, so UK will represent the Euro Zone & the UK.
Asia Best Time
The Asian Best Time start from 1:00 to 9:00 GMT. Asia market session will take into account the times when the Asian stock markets are open, the same time when major Asian Banks are open for trading and carrying out gold trading transactions.
UK Best Time
This is the time when stock markets in the UK and EUR Zone are open for Trading. Big banks & financial centers in these capitals are also open and major volumes of trades are carried out to settle international trade deals.
USA Best Time
US is the financial capital of the globe, the USA Best Time move the highest volumes in terms of trades & International trade deals. This make the USA market hours the best time to trade.
Best Time Overlap
What's Best Time Overlap? These are times when two financial centers are both open at the same time. For Examples
- Asia and UK Markets Best Time Over-lap - 8:00 to 10:00 G.M.T.
- London and US Markets Gold Hours Over-lap - 13:00 to 18:00 G.M.T.
These are the hours when most transaction volumes are carried out and the total trade transactions placed are more than any other time in the market.
Therefore combining these two market sessions as trader you want to place your trades within these trading hours.
Best Time
Asia(Partly) and European and US Overlap - 8:00 to 18:00 GMT
This gives traders total of 10 hours which are the most liquid. To ascertain this hours in your GMT time just add or minus the GMT timezone of your country depending on your timezone from the above xauusd trading hours.