Setting a XAUUSD Trading Schedule & a Written Example

Gold trading market is a market that's global in nature. The global nature of the XAUUSD metal market means that it's opens around the clock throughout the week. Traders henceforth have a lot of flexibility when it pertains to choosing when to trade Gold metal online. However, not all times are suitable for placing trades.

Investors should set-up a trading schedule based on the most active Gold trading hours which are the best trading hours to help maximize profits.America, London and Asia sessions are the most active market hours suitable for trading Gold. These 3 sessions make up the largest volumes of transactions from across the globe on a daily basis, although Asian session is one of these three sessions it is best not to trade during this particular session.

There are also market overlaps in the between the three sessions, where 2 market sessions are open the same time, these market overlaps are the most active periods. These overlaps provide a great opportunity to trade in multiple markets at once and maximize your potential profits.

The best overlap is the one that occurs between the US & London market sessions. This is when the financial transactions are the most active & more opportunities present themselves.

Asia market session is the least active of the three major sessions. Gold prices move slowly or consolidate at a single point throughout the Asia market session. This isn't a good time to be trading in the market - this is the best moment to take a break. Even Asian investors avoid at this time & wait until night time to trade when the Europe and USA markets are open.

Because the trading day lasts all day & night & it is not possible to stay up all night long, traders should set-up a workable Gold trading schedule. By gaining an understanding and knowledge of these market hours, a gold trader can set appropriate trading hours to increase the chances of maximizing their trading profits.

When setting up a XAUUSD trading schedule, it should accomplish the following goals:

1. Familiarize yourself with different sessions.

These are: New York market session, the London market session, & the Tokyo session.

London 3 a.m. To 12 p.m. EST (8:00 GMT 1700 GMT.)New York 8 a.m. To 5 p.m. EST (1300 GMT 2200 GMT.)Tokyo 7 p.m. To 4 a.m. EST (00:00 GMT-9:00 GMT.)

2.Trade during this time when XAUUSD Gold prices are most active.

3.Plan a workable trading schedule. So as to keep a balance between your trading times to get adequate rest and sleep. The best time to trade is between 3a.m. To 5p.m. EST

When the USA & UK sessions are both open prices of XAUUSD will in general trend up or down & move a good number of pips in one direction. As a technical analysis trader, this time the indicators will provide good and profitable trading signals that catch the market trend.

When the Gold prices are trending and moving fast the online traders will find it easier to make money.

On the other hand, during the other times for example the Asia session, the prices will be in a range bound sideways movement & traders using indicators will have a hard time making profits as the indicators will in general tend to be more prone to fake outs. A trader will find it difficult to make money in this range bound/ranging sideways price action movements.

It is 10 times easier to make money when the market is moving up or moving down than it is to make money when the market is moving sideways. During the best times to open XAUUSD orders, i.e. 800 GMT & 1800 GMT the XAUUSD prices will trend in one direction, during other times like Asia Market Session, the Gold prices likely to be ranging and move sideways.

London session 08:00 GMT -17:00 GMT.USA session 13:00 GMT - 22:00 GMT.

Asian session is a relatively slow for all Gold price movements and not suitable at all for trading Gold

Basically your plan should target 8:00 GMT and 18:00 GMT as the time that you trade XAUUSD.

More Guides & Tutorials:

• How Do I Use Stochastic Indicator to Generate Cross-overs Buy Signals & Sell Signals?
• What are McClellan Histogram Buy and Sell Signals?
• Trade XAUUSD With Support & Resistance Levels
• Bulls Power XAU USD Indicator Analysis in Gold
• How to Generate Indices Signal Buy and Sell Signal with Indices Trading Strategies
• Risk & Equity Management in Gold Course Tutorial
• MT4 Trading Indicator RSI Indicator