Trade Gold Trading

Setting a Gold Trading Schedule and a Written Example

The gold market is truly worldwide. Because the Gold metal market is international, it is open twenty-four hours a day, seven days a week. From there, traders have a great deal of discretion when it comes to choosing the timing of their online Gold metal trading. However, not every market time is favorable for making business deals.

Build your trading plan around peak XAUUSD hours for top profits. US, London, and Asian sessions drive the action. They claim the bulk of global daily trades. Still, steer clear of the Asian one among them.

There are also times when markets overlap between the three market sessions, meaning two sessions are open at the same time, and these overlaps are the busiest times. These overlaps are a good chance to trade and do business in many markets at once and get the most profit.

The best overlap happens between the US and London sessions. That's when trading is busiest and you'll see the most opportunities.

Asian market session is the least active of the 3 major sessions. Gold prices move slowly or consolidate at 1 single point throughout the Asia session. This isn't a good time to be in the market - this is the best time to take a break. Even Asian traders avoid trading at this time and wait until night time to trade when the Europe & US markets are open.

Gold trading (XAUUSD) runs 24 hours, but nobody can stay up all night. Set up a trading schedule that actually works for you. If you know when the market is most active, you can plan your trades and boost your chances of making money.

When structuring a Gold trading timetable, the following key aims must be achieved:

1. Familiarize yourself with the various different market sessions.

These principal sessions are recognized as: the New York trading session, the London market session, and the Tokyo market session.

London: 3 a.m. to 12 p.m. EST (8:00 GMT to 1700 GMT). New York: 8 a.m. to 5 p.m. EST (1300 GMT to 2200 GMT). Tokyo: 7 p.m. to 4 a.m. EST (00:00 GMT-9:00 GMT).

2.Trade during this time when Gold prices are most active.

3. Make a trading schedule that works. This way, you can keep a good balance and get enough rest between your trading times. The best time to trade is 3a.m. To 5p.m. EST

Gold Trading Market Hours & the 3 Major Gold Trading Market Sessions - Gold Trading Market Sessions

When both the USA and UK markets are running, gold prices usually go up or down and change a good amount in one way. For an analysis trader, the indicators at this time will give useful trading signals to spot the trend.

Profiting becomes more accessible for traders when XAUUSD Gold prices are trending strongly and moving rapidly.

On the other hand, during the other times for example the Asia session, the prices will be in a range bound sideways movement and traders using technical indicators will have a hard time earning and making profits as the indicators will generally will tend to be more prone to fake outs. A trader will find it difficult to earn money in this range bound sideways oscillating price action movements.

Markets move up or down ten times easier for profits than sideways moves. Open XAUUSD orders at peak times like 800 GMT or 1800 GMT for trends. During Asia sessions, gold prices often range and stay flat.

London session at 8:00 GMT – 17:00 GMT and USA session at 13:00 GMT – 22:00 GMT.

Due to the comparatively slow pace of all Gold price movements during the Asian session, trading Gold there is not at all recommended.

Fundamentally, your trading plan should designate 8:00 GMT and 18:00 GMT as the preferred trading windows for Gold.

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