#forexgold

[fintecmarkets]

When Does the gold Forex market Open?

Introduction

Gold, often referred to as the “king of metals,” has held a unique allure for millennia, serving as a store of value, a form of currency, and a symbol of wealth. In the modern financial world, trading gold has become a popular investment choice, and many traders are curious about when the gold forex market opens. In this article, we will explore the timings and dynamics of the gold forex market, helping you understand when to trade this precious metal.

The Global Gold Market

Before delving into the specifics of the gold forex market, it’s important to note that gold is traded in various forms, each with its own trading hours:

Spot Market: The spot gold market is the most common way to trade physical gold. It operates 24 hours a day, five days a week, with no central exchange. This means that you can buy or sell gold at any time from Monday to Friday, with prices continuously changing based on supply and demand.

Gold Futures: Futures contracts for gold are traded on commodity exchanges such as the COMEX in New York and the Multi Commodity Exchange (MCX) in India. These exchanges have specific trading hours, usually from Sunday evening to Friday evening, with daily breaks.

Gold Forex: Gold can also be traded in the forex market as a currency pair, typically as XAU/USD, where XAU represents gold, and USD represents the US dollar. The trading hours for the gold forex market are tied to the broader forex market, which is open 24 hours a day, five days a week.

Gold Forex Trading Hours

The gold forex market mirrors the forex market’s trading hours, primarily because it is a currency pair involving the US dollar. Here are the key trading sessions:

Asian Session: The gold forex market typically starts during the Asian session when major financial centers in Tokyo and Hong Kong open for trading. This session begins around 7:00 PM EST (Eastern Standard Time) and lasts until early morning, around 3:00 AM EST.

European Session: The largest volume of gold forex trading occurs during the European session, which overlaps with the Asian session for a few hours. This session begins at around 3:00 AM EST and ends at 11:00 AM EST.

North American Session: The New York session is significant for gold forex traders as it overlaps with the European session. This session starts at 8:00 AM EST and closes at 4:00 PM EST.

Weekend Gap: It’s important to note that the gold forex market, like the broader forex market, closes for the weekend on Friday at 5:00 PM EST and reopens on Sunday at 5:00 PM EST. During this time, there can be a gap in prices due to weekend news events.

Conclusion

The gold forex market opens and operates in sync with the broader forex market, providing traders with ample opportunities to buy and sell this precious metal. Understanding the different trading sessions and their overlaps can help you plan your gold trading strategy effectively. Whether you’re a seasoned trader or just starting, keeping an eye on global economic events and market sentiment is crucial when trading gold, as these factors can significantly impact its price.

Read more to Visit Fintemarkets.com

[ndkgartiftradng]

Art of Trading

[libertyndkg]

The Art of Trading: A Marathon, Not a Race

Introduction: In the fast-paced world of financial markets, it is crucial to adopt a long-term perspective when engaging in trading activities. While many perceive trading as a rapid sprint to accumulate profits, I propose that true success lies in treating it as a marathon—an endurance race that requires strategic planning, patience, and a focus on the bigger picture. In this article, we will explore the profound wisdom behind perceiving trading as a marathon, rather than a race, and how this perspective can elevate our trading endeavors to new heights.

1. Cultivating Strategic Planning: Unlike a race where speed is the primary goal, marathon runners meticulously plan their approach to ensure they endure and reach the finish line. Similarly, successful traders understand the importance of strategic planning. They carefully analyze market trends, study historical data, and develop well-thought-out trading strategies that align with their long-term objectives. By adopting this deliberate approach, traders can enhance their decision-making capabilities and adapt to market fluctuations with resilience

 2. Embracing Patience in Trading: In a race, sprinters strive for instantaneous results, seeking to cross the finish line ahead of their competitors. However, this mindset does not bode well for traders. Instead, they must embrace patience as a virtue. Just as marathon runner paces themselves, traders need to maintain composure during short-term market fluctuations. This allows them to avoid impulsive decisions driven by emotions, and instead, make informed choices based on thorough analysis. Patience enables traders to ride out market volatility and seize opportunities that align with their long-term goals.

 3. Focusing on the Bigger Picture: While a race often revolves around immediate gratification, trading is a journey that demands a broader perspective. Successful traders keep their eyes on the bigger picture, recognizing that short-term gains are not the sole indicator of triumph. They analyze market cycles, economic indicators, and global events to identify long-term trends and opportunities. By focusing on the broader context, traders can make informed decisions that align with their overarching investment strategies, ultimately leading to sustainable success.

 4. Learning from Setbacks: In both marathons and trading, setbacks are inevitable. However, what distinguishes the exceptional from the average is the ability to learn from these setbacks. Marathon runners analyze their performance, identify areas for improvement, and adjust their training regimen accordingly. Likewise, traders must view losses and setbacks as valuable learning experiences. By carefully evaluating their trading decisions, identifying patterns, and adapting their strategies, traders can grow and evolve, ultimately improving their chances of long-term success. 

Conclusion: In the world of trading, adopting the mindset of a marathon runner can transform our approach and elevate our chances of success. By cultivating strategic planning, embracing patience, focusing on the bigger picture, and learning from setbacks, we position ourselves as intelligent, insightful, and original traders. Remember, trading is not a race to accumulate quick profits, but a marathon where resilience, adaptability, and a long-term perspective are the keys to achieving sustainable success. So lace up your trading shoes, embrace the marathon, and embark on a journey that will test your skills, shape your character, and unlock the door to prosperous trading ventures.

[centfx]

Centfx

USD/CAD stays below 1.3650 because of the Fed's dovish outlook.

The USD/CAD pair gives up some of its recent gains, closing Monday's Asian session at 1.3630. The US Dollar's (USD) drop is ascribed to the less-than-expected US employment growth numbers that were announced on Friday. The likelihood that the Federal Reserve (Fed) may lower interest rates sooner rather than later has increased as a result of this. After rising by 218,000 in May, US nonfarm payrolls (NFP) grew by 206,000 in June. This amount exceeded the 191,000 market estimate. In June, the US unemployment rate increased slightly from 4.0% in May to 4.1%. Average Hourly Earnings, on the other hand, fell in line with market expectations in June, falling to 3.9% year over year from the prior reading of 4.1%.

centfx #forexgroup #forexgold #ForexHelp #forexhelptrading #forexchallenge

[sagaah-elite]

XAUUSD (Spot Gold) Analysis — 29 August 2024

Sell at: $2539-$2552-$2572-$2592. Buy at: $2489-$2472-$2452-$2432.

Current Market Price (CMP): $2,522.75 📈

⚠ Warning: Do not risk more than 5% of your capital. Trading in gold and other financial markets involves significant risk and may result in substantial losses.

📊 Fundamentals Impacting XAUUSD (29 August 2024):

1.💵 Gold Gains on Weaker USD: Gold is benefiting from a weaker US Dollar (USD), which is negatively correlated with the precious metal. The US Dollar Index (DXY) is down in the 100.90s after pulling back from a peak of 101.18 on Wednesday.

Full Article: http://t.me/sagaahhelite

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[greenpipsfinder]

CADCHF D1

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[reviewexact]

Forex GOLD Investor Review

Forex GOLD Investor is the newest member in FX Automator family and this post is a quick review to this new product. It's an automated Forex robot dedicated to Gold market. It's designed to actively trade throughout the entire trading session, maximizing your profit taking potential. It enters a trading position based on time and the best trading scenarios such as "buy on deep" and "sell on strong" impulse. Its exit logic combines several highly effective profit protecting and draw down reducing algorithms. Its exit algorithms will close out all trades at the right time, protecting profits and minimizing any losses. Forex GOLD Investor Features Forex GOLD Investor is a fully automated trading system: 100% set-and-forget. It includes 4 proven trading strategies packed in one fully automated trading system. It comes with intelligent money management system that protects trader's profits. It gives you the best recommendations, Up? Down? Stagnant market conditions? It doesn't matter. It picks the best trading opportunities available in all times. Highly adaptive algorithms: No need to babysit this EA with complicated optimizations. Forex GOLD Investor's uses highly adaptive algorithms to flawlessly executed your strategy. The best performers in one powerful trading strategy: Hundreds of trading models were tested carefully and the best performers were combined in one powerful trading strategy. Read the full article

[sumit007]

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[twintrendindonesia-blog]

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[centfx]

The price of gold is still below its peak, and traders are not showing much commitment ahead of the Fed.

The price of gold (XAU/USD) fails to benefit from a slight recovery during the Asian session and makes a new low for the day in the final hour, hovering around $2,568–2,567, though any significant correction decline still looks unlikely. The likelihood of an enormous interest rate decrease by the Federal Reserve (Fed) on Wednesday is now priced in by the markets, which puts bulls of the US dollar (USD) on the defensive and should help the non-yielding yellow metal. Furthermore, the gold price may continue to receive some support from enduring geopolitical issues resulting from the ongoing conflicts in the Middle East and the political unrest in the US ahead of the November election. Dealers may We would prefer to hold off on making plans for the next leg of the XAU/USD directional move until after the conclusion of the much-anticipated two-day Federal Open Market Committee (FOMC) meeting and the new economic projections. 

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[sagaah-elite]

XAUUSD (Spot Gold) 27–8–2024

Sell at: $2539-$2458-$2579-$2600 Buy at: $2478-$2451-$2432-$2411

CMP — $2508.42 (as of writing)

Warning: Do not risk more than 5% of your capital. Trading in gold and other financial markets involves significant risk and may result in substantial losses.

Data scheduled to be published at 18:00 hrs -19:30 hrs

11 min-S&P/CS HPI Composite — 20 n.s.a. (MoM) (Jun) 11 min-S&P/CS HPI Composite — 20 n.s.a. (YoY) (Jun) 19:30-CB Consumer Confidence (Aug)

Full Article: http://t.me/sagaahhelite

𝗦𝘁𝗮𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝗱 𝗳𝗼𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 & 𝗦𝗶𝗴𝗻𝗮𝗹𝘀, 𝗳𝗼𝗹𝗹𝗼𝘄 𝘂𝘀 :

Telegram : https://t.me/sagaahhelite

Follow Me: https://lnkd.in/dPx4aDGh

WhatsApp Channel: https://wa.me/sagaahelite

Twitter/X: https://x.com/SagaahhE

Forex Factory: https://lnkd.in/dhVrNKKE

Analysis: https://lnkd.in/dsriY6XT

#GlobalNews#marketnews#forexanalysis#forextrading#forextrader#forex#ForexMarket#gold#goldanalysis#XAUUSD#xauusdgold#forexgold#sagaahhelite#SEMS

[greenpipsfinder]

EURNZD D1

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[sumit007]

SELL SELL SELL GOLD 1870/1872...sl TGT..1865.80....1862....1855 Sumit Malik #FOREX #forextrader #forexsignals #FOREXGOLD https://mtrading.com/sign-up-new/?ref_id=850951 Ref id 850951 (at Delhi, India) https://www.instagram.com/p/CFjhHtNBlbp/?igshid=11l331di5g7ba

[theinvestopips]

Join gold best signals @ t.me/forexresearchgain #XAUUSD #xauusdsignal #forexgold #currencytrading #gold #goldtrading #spotgold #fxtrade #oilprice #forexsignals #accountmanager (at London, United Kingdom) https://www.instagram.com/p/B9jm7v-lLCP/?igshid=4eczzp1w3vaw

[centfx]

Centfx

The US dollar maintains its strength while the Japanese yen consolidates amid higher Treasury yields.

Because of the hawkish feeling surrounding the Bank of Japan's interest rate forecast, the Japanese yen (JPY) is holding steady against the US dollar (USD) on Tuesday. Expecting the BoJ to maintain its current policy stance while leaving the door open to rate hikes in October and December, traders will be watching the announcement on Friday. On Tuesday, Japanese Finance Minister Shunichi Suzuki said that sharp swings in foreign exchange (FX) are not good. Suzuki stressed that authorities will keep a careful eye on how foreign exchange movements impact the Japanese economy and the standard of living. Reuters reports that the administration would keep evaluating the effects of a rising Japanese yen and adjust its policies accordingly. The US Dollar continues to under pressure as anticipations rise. that on Wednesday, the Federal Open Market Committee (FOMC) might decide to implement a large rate drop of 50 basis points. Markets are pricing in a 38.0% possibility of a 25 basis point Federal Reserve interest rate decrease at the September meeting, according to the CME FedWatch Tool, while the likelihood of a 50 basis point cut has increased to 62.0%, up from 50.0% just one day earlier.

#centfx #forexgroup #forexgold #ForexHelp #forexhelptrading #forexchallenge

[centfx]

Centfx

EUR/USD rises as the US PPI remains sluggish. Debate on the amount of the Fed rate cut

A weak US dollar causes the EUR/USD exchange rate to increase. The US Dollar Index (DXY), which measures how much the US dollar is worth in relation to six major currencies, continues to decline, closing in on 101.00. The Federal Reserve (Fed) is expected to lower interest rates by 50 basis points (bps) on Wednesday, according to market speculation, which is exerting significant selling pressure on the greenback. The likelihood that the Fed will cut interest rates by 50 basis points (bps) to 4.75%–5.00% in September has dramatically jumped from 14% to 43%, per the CME FedWatch tool, following the release of the US PPI data. According to Thursday's PPI statistics, producer inflation increased in August year over year at a slower rate than anticipated. The headline rate of inflation increased by 1.7%, which was lower than the 1.8% forecast and downgraded from 2.1% in July. Core producer inflation, which does not include volatile food and energy prices, increased consistently by 2.4% during the same time, less than the 2.5% predicted.

#centfx #forexgroup #forexgold #ForexHelp #forexhelptrading #forexchallenge