Trade Forex Trading

Setting a XAUUSD Trading Schedule & a Written Example

The gold market runs worldwide. It stays open around the clock during the week. Traders pick their hours easily. Still, some times work better for 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.

Sessions overlap too, when two run at once. These times see the most action. They let you trade multiple markets and boost gains.

The best market overlap happens when the US and London sessions cross. That's when you get the most action and the best trading opportunities.

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 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 sessions include: the New York market session, the London market session, and the Tokyo session.

London: 3 a.m. to 12 p.m. EST (8:00 GMT to 1700 GMT). New York: 8 a.m. to 5 p.m. EST (1300 GMT to 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.

Plan a trading schedule that works. Balance it with rest and sleep. Trade from 3 a.m. to 5 p.m. EST.

Gold Market Hours and the 3 Major XAUUSD Market Trading Sessions

When US and UK sessions overlap, XAUUSD prices trend up or down. They cover many pips in one way. Indicators give solid signals to catch the move.

Online traders encounter less difficulty in generating income when Gold prices are moving decisively within a pronounced trend.

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 much easier to earn money when the market is going up or down than when it is moving without a clear direction. The best times to start XAUUSD trades are 800 GMT and 1800 GMT, when XAUUSD prices usually move in one way, but at other times, like during the Asia Market Session, Gold prices might stay in a range and move sideways.

London session at 8:00 GMT – 17:00 GMT and USA session at 13:00 GMT – 22:00 GMT.

Due to the comparatively slow pace of all Gold price movements during the Asian session, trading Gold there is not at all recommended.

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

More Guides & Tutorials:

XAU/USD Broker

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