When Does the Market Open and What Time Does the Market Close Trading Sessions?
The morning trades are the best hours in trading the market.
In the xauusd the most active times are during the times when banks in Europe are open (London time) and the time when the USA xauusd banks are open (New York Time). But for most businesses around the world most of their trading activities is carried out early in the morning, very few trades are carried out by global companies in the afternoon.
This is the observation that's has been made by most traders who regularly trade the trading market. Trader will observe that at London market open the market will move quite a number of pips steadily for few hours, then after these hours the market will begin to retrace or consolidate. Then comes the New York Morning time & during the first few hours the market will then move quite a significant number of pips and then after these hours the market will then begin to consolidate or retrace most times until the morning time of London market.
Generally these two times are when 70-80% of all market movement will take place. These are
- London xauusd morning trade time
- New York xauusd morning trade time
So in GMT time what are xauusd morning trade times of these two markets?
From the above chart the only XAUUSD Morning Trade we want is the London xauusd morning trade and New York XAUUSD Morning Trade:
- London xauusd morning trade time - 8:00 - 11:00 GMT
- New York xauusd morning trade time - 13:00 - 16:00 GMT
Now the Trading Morning trade for our trading will only be 3 hours because for the morning trade as a trader you want to close your trade before price starts to retrace or consolidate.
So as a morning trader these will be your time for opening & closing trades. If you decide to open a morning trade you should close it within the 3 hours morning time because after these morning hours most gold trades by financial institution will already have been executed and therefore after these few hours the liquidity in the market goes down and the instrument movement will slowdown.
XAUUSD Morning Trade - Trade Opening Hours
A chart of morning trade times for both the London XAUUSD Morning Trade and New York XAUUSD Morning Trade.
