These are the Best Gold Trading Time That xauusd trading prices Will Move More
There are Best Gold Trading Time that xauusd trading prices will move more because there is a lot of transactions volume and these market hours are the best to trade. So before looking at these Best Gold Time and what makes them the best trading hours let us look at the individual hours that when combined make the Best Gold Trading Time.
The 3 biggest economies in the world are
USA
Japan
UK
Euro-Zone though not a single economy, markets trading time is same as that of UK, so UK will represent the Euro Zone and the UK.
Asia Best XAUUSD Trading Time
The Asian Best Gold Trading Time start from 1:00 to 9:00 GMT. Asia time 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 & carrying out gold trading transactions.
London Best XAUUSD Trading Time
This is the time when the stock markets in the London & EUR Zone are open for Trading. Big banks and financial centers in these capitals are also open and major volumes of gold trades are carried out to settle international trade deals.
USA Best XAUUSD Trading Time
USA is the financial capital of the globe, the America Best Gold Trading Time move the highest volumes in terms of xauusd trades and International trade deals. This make the USA market hours the best time to trade.
Best XAUUSD Trading Time Overlap
What's Best Gold Time Overlap? These are times when two financial centers are both open at the same time. For Examples
- Asia & London Markets Best Gold Time Overlap - 8:00 to 10:00 GMT
- London and USA Markets Gold Hours Overlap - 13:00 to 18:00 GMT
These are the hours when most transaction volumes are carried out & the total trade transactions placed are more than any other time in the xauusd market.
Therefore combining these two market sessions as trader you want to place your trades within these xauusd trading hours.
Best XAUUSD Trading Time
Asia(Partly) and London & USA Overlap - 8:00 to 18:00 GMT
This gives traders a total of 10 hours which are the most profitable. To ascertain this hours in your GMT time just add or subtract the GMT time of your country depending on your time zone from the above xauusd trading hours.
