5: 00 a.m. to 2: 00 noon:
Generally speaking, the investment in gold is extremely weak, mainly because the driving force of the Asian market is relatively small, and the earthquake amplitude is generally small and there is no obvious direction. Contrary to the intraday trend, it is mostly to adjust the callback market, which is the best trading opportunity for spot gold. In the meantime, if there is spot gold at the right price, you can buy it appropriately.
2 p.m. to 6 p.m.:
This time is the morning market in Europe. After the opening of the European market, the funds will increase, and this time will be accompanied by the publication of some data that have an impact on the European currency. If there is spot gold at the right price during this period, you can buy it appropriately.
6: 00 pm to 8: 00 pm:
The lunch break in Europe and the early morning in the American market are relatively light, especially on the eve of the lunch break in Europe and the start of the United States. At this time, it is advisable to wait and see.
8 pm to 12 pm:
The afternoon session in the European market and the morning session in the American market, when the market fluctuates the most, are also the periods with the largest amount of spot gold and the largest number of participants. This period of time is completely in accordance with the direction of the day, so we should judge this market according to the general trend. This period is a good time for shipment.
Noon 12 am:
In the afternoon in the United States, it has generally come out of the big market. This period of time is mostly a technical adjustment of the previous market, so it is advisable to wait and see.
The spot gold market is a global market, so it can be traded around the world 24 hours a day. In addition, gold can be easily realized and converted into any currency, forming a convenient and interchangeable relationship among gold, local currency and foreign currency, which is an outstanding performance that gold still has monetary and financial functions in the contemporary era.
The global spot gold trading market is mainly distributed in Europe, Asia and North America. Europe is represented by the gold markets in London and Zurich, Asia is represented by Hongkong, and North America is represented by new york, Chicago and Winnipeg.
The trading hours of the major gold trading markets in the world are based on London time, which leads to the continuous gold trading in London, new york and Chicago.