Best Time for Trading
There are Best Time for Gold 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 the Best Time for Trading and what makes them the best trading hours let us look at the individual hours which when combined make the Best Time for Trading.
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 the UK., so UK will represent the Euro Zone and the UK.
Asia Best Time for Trading
The Asian Best Time for Gold 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 the major Asian Banks are open for trading & carrying out xauusd trading transactions.
UK Best Time for Trading
This is the time when the stock markets in the London 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 for Trading
US is the financial capital of the globe, the USA Best Time for Gold move the highest transaction volumes in terms of trades and International trade deals. This make the USA market hours the best time to trade.
Best Time for Overlap
What is Best Time for Overlap? These are the hours when two financial centers are both open at the same time. For Example
- Asian and UK Markets Best Time for Overlap - 8:00 to 10:00 G.M.T.
- London & USA Markets XAUUSD Hours Overlap - 13:00 to 18:00 G.M.T.
These are the hours when most transaction volumes are carried out and the total trades placed are more than any other time in the market.
Therefore combining these two market sessions as a trader you want to open your trades within these best trade hours.
Best Time for Trading
Asian(Partly) and London and US Overlap - 8:00 to 18:00 GMT
This gives traders a total of 10 market hours that 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 trade hours.