Best Gold Trading Hours
There are Best Gold Trading Hours that trading prices will move more because there's a lot of trade transactions volume & these market hours are the best to trade. So before looking at these Best Gold Hours and what makes them the best trading hours let us look at the individual hours that when combined make the Best Gold Hours.
The 3 biggest economies in the world are
US
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 Hours
The Asian Best Gold Trading Hours start from 1:00 to 9:00 GMT. Asian 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 XAUUSD Hours
This is the time when the stock markets in the London and EUR Zone are open for Trading. Big banks and financial centers in these capitals are also open and major volumes of trades are carried out to settle international trade deals.
USA Best XAUUSD Hours
US is the financial capital of the globe, the America Best Gold Trading Hours 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 Hours Overlap
What's Best Gold Hours Overlap? These are times when 2 financial centers are both open at the same time. For Example
- Asian and UK Markets Best Gold Trading Hours 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 a trader you want to open your trades within these best trade hours.
Best XAUUSD Hours
Asian(Partly) and London and US 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 local time just add or subtract the GMT time zone of your country depending on your time zone from the above xauusd trade hours.