What Time Do Markets Open Trading Sessions? - What Time is Gold Market Open Trading Sessions?
The gold trading morning trades are the most active xauusd trading hours when it comes to trading the trading market.
When it comes to the gold trading the most active gold trading times are during the times when banks in Europe are open (London gold trading time) and the time when the USA gold trading banks are open (New York gold trading Time). But for most businesses around the world most of their trading activities is carried out early in the morning, very few trades are carried out by international companies in afternoon.
This is the observation that is has been made by most traders who regularly trade the trading market. Trader will observe that at London market open the market will move quite a number of pips steadily for a few hours, then after these hours the market will start to retrace or consolidate. Then comes the New York Morning time & during the first few hours the market will then move quite a significant number of pips & then after these hours the market will then start to consolidate or retrace most times until the morning time of London market.
Generally these 2 times are when 70-80% of all market movement will take place. These are
- London gold trading morning trade time
- New York gold trading morning trade time
So in GMT time what are the gold trading morning trade times of these two markets?
From the above chart the only Gold Morning Trade we want is the London gold trading morning trade and New York Gold Morning Trade:
- London gold trading morning trade time - 8:00 - 11:00 GMT
- New York gold trading morning trade time - 13:00 - 16:00 GMT
Now the Gold Morning trade for our trading will only be 3 hours because for the morning trade as a trader you want to close your trade before price starts to retrace or consolidate.
So as a gold trading morning trader these will be your gold trading time for opening and closing xauusd trades. If you decide to open a gold trading morning trade you should close it within the 3 hours morning time because after these morning hours most trades by financial institution will already have been executed and therefore after these few hours the liquidity in the market goes down and the price movement will slowdown.
Gold Morning Trade - Trade Opening Hours
A chart of gold trading morning trade times for both the London Gold Morning Trade and New York Gold Morning Trade.