What is the Best Time to Trade XAUUSD?
Timing is one thing that will ascertain your success in the gold market and that is why it is essential to find the best time to trade XAUUSD the best time with regards to activity and volume of gold trades. This is what we call volatility, when the xauusd market is volatile it is more liquid.
When is the best time to trade XAUUSD? The most prominent time is undoubtedly the US & the UK market sessions, accounting for more than half of the total XAUUSD Trading 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 market sessions overlap, this is the best time to trade.
XAUUSD Trading market 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 decided by the number of markets that are open & the times during which they overlap with each other.
Best Time to Trade XAUUSD Trading Based Upon Volume and Activity
The best time is when markets sessions overlap this is the time when markets are highly liquid because there are more participants, which means more volume and momentum to fuel xauusd trends and xauusd trend breakouts. This also tends to be when economic data is released, providing the triggers for the movements in trading xauusd.
17:00 GMT
Thegold market is the most active when the two largest trading centers in the world overlap. 80 percent of the total average usually occurs during US and European hours. Just these percents 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 and 17:00 GMT.
9:00 GMT
The next best time to transaction XAUUSD Trading is during the Tokyo and European Session overlap when both the Asian & European traders have the opportunity to respond to European economic data. The London open session 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 XAUUSD TRADING IS FROM 7:00 TO 17:00 GMT.
The best time for xauusd 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 Data 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 xauusd 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 xauusd trade happen during these weekdays.
