There are several factors to consider when setting up a trading schedule for forex gold. The first of these is the time of day. The best times for trading gold are when the market is at its most active. The highest volume of transactions takes place during the North American trading session, while the European trading session is slightly less active. The table below lists approximate hours for both sessions. However, the most profitable opportunities may occur outside of these hours, especially if you’re trading gold on the short term. Important news events can trigger market activity outside of the usual trading schedule.
Another important factor to consider is the liquidity of the market. This is because the forex market has the highest liquidity between the New York and London sessions. This overlap is the best time for trading gold online, as prices are most active during this time. The only downside to trading gold during these hours is that the market closes between 4pm U.S. central time.
The best time to trade gold on the forex market is when there is high volume of financial transactions. The higher liquidity means lower volatility, which makes the price of Gold a better target for safe-haven positions. On the other hand, trading gold during low volume hours can mean lower liquidity, but extra volatility. It is important to choose the best time to trade gold based on these factors.
Trading gold in the forex market is an excellent way to diversify your portfolio. It is a safe haven during times of economic stress and a popular hedge against inflation. It also gets plenty of attention around big market moving events. When governments and traders are worried about a pandemic, for example, they rush into gold as a safe haven.
Unlike fiat currencies, Gold is a physical commodity, and the supply is limited. Governments and banks hold almost all of the known Gold in the world. Therefore, large banks collude to fix its price twice a day by manipulating the perception of supply and demand. The market has a limited supply, and the prices may go up and down.