When is The Best Time to Trade XAUUSD?
Timing is one thing that will ascertain your success in the xauusd market and that is why it is essential to find the best time to trade Gold the best time with regards to activity and volume of xauusd trades. This is what we call volatility, when the xauusd market is volatile it is more liquid.
When is the best time to trade Gold? The most prominent time is undoubtedly the US & the UK market sessions, accounting for more than half of the total Gold transactions.
If it comes to major market sessions: London, New York and Tokyo take up 75% of market activities. And transactions volume is the heaviest when the major markets sessions overlap, this is the best time to trade.
Gold sessions overlaps are characterized by high liquidity and the probability of finding a profitable trade is very high. This is because the volume of transactions is determined by the number of markets that are open and the times during which they overlap with each other.
Best Time to Trade XAUUSD Based Upon Volume and Activity
The best time is when markets market sessions overlap this is the time when markets are highly liquid because there are more participants, which means more volume & momentum to fuel gold trends and gold trend breakouts. This also tends to be when economic data is released, providing the triggers for the movements in trading gold.
17:00 GMT
The gold market is the most active when the two largest trading centers in world overlap. 80 percent of the total average usually occurs during US and European hours. Just these percentages alone tell day traders that they can not sit in front of the screen all day: this time alone is enough to make a good profit, the best trading time - the US and European overlap which is between 13:00 & 17:00 GMT.
9:00 GMT
The next best time to transaction Gold is during the Tokyo and European Session overlap when both the Asian and European traders have the opportunity to respond to European economic data. The London open is also volatile as European traders normally react to overnight developments.
These times when the sessions overlap is the time you have to target to make profits, it is the best time for transacting on the xauusd markets.
THE ABSOLUTE BEST TIME FOR Gold TRADING IS FROM 7:00 TO 17:00 GMT.
The best time for gold trading is 7:00 to 17:00 GMT, this is because the volatility is much higher and opportunities for making a profit are much more frequent with bigger moves, especially in these 10 hours. This is when you can make 50-80 pips Profit.
News Releases / Economic Information Reports Releases23:50 GMT Japan Fundamentals 07:45 GMT Europe Fundamentals 13:30 GMT America Economic Figures
During Summer Time these news information reports release times are 1 hour earlier because of day light saving hour.
Best Days
Although the online gold market is open on all these 5 business days there are certain days that are considered as the best days & trading during these days will give you the best time.
If you want the best time and the best days to trade, then statistics shows that Tuesday, Wednesday & Thursday are the best days since the maximum number of gold trade happen during these weekdays.
