Just these percentages alone tell day traders that they cannot sit in front of the screen all day can you trade xauusd in the us 2024 this time alone is enough to make a good profit trading in the financial markets, the best time to trade XAUUSD metal is – the U.S. and European overlap which is between 13:00 and 17:00 GMT
Timing is one thing that will determine your success in the Gold metal trading 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 trading transactions. This is what we call volatility, when the Gold metal market is volatile it is more liquid – meaning there are more opportunities to trade.
When is the best time to trade gold metal? The most prominent time is undoubtedly the US and the UK trading sessions, accounting for more than half of the total online financial transactions.
If it comes to major trading sessions; London, New York, and Tokyo take up 75% of market activities. And financial transaction volume is the heaviest when these major market sessions overlap; this is the best time to trade XAUUSD.
Market session overlaps are characterized by high liquidity and the probability of finding a profitable trade is very high. This is because the volume of financial 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 Gold Market Based Upon Volume and Activity can you trade xauusd in the us 2024
The best time to trade Gold is when markets sessions overlap – this is the time when the financial markets are highly liquid because there are more participants trading in the markets, which means more volume and momentum to fuel Gold price trends and trend breakouts. This also tends to be when economic data is released, can you trade xauusd in the us 2024 providing the triggers for the movements in the Gold pair – XAUUSD.
IMPORTANT GOLD RELATIONSHIPS & CORRELATIONS:
1.Like If Gold falls You can see EURUSD also going down as they are positively correlated
2.Cad and oil are positively correlated
3.Movement in USD is positively correlated with Indices
Leave a Reply