I just noticed that many people are still confused about which days the gold market closes and opens, which is actually a fundamental knowledge that you need to understand if you want to trade gold seriously.

Gold in the Forex market is open 24 hours a day on trading days, starting from Monday at 05:00 AM (Thai time) when the New Zealand market opens, and the gold market closes on Saturday at 04:00 AM after New York closes. This is called continuous 24-hour trading, but the important thing is that not all times are equally suitable for trading.

Knowing which days the gold market closes is just the first step. More important is understanding the periods when price movements are clear. In the Asian morning session (05:00-12:00), prices tend to move within a narrow range, suitable for scalping or range trading, setting profit targets and stop-losses close by.

In the afternoon (12:00-20:00), the European market opens, and the price trend becomes clearer. This is a good time for trend following or breakout trading. During the night (20:00-05:00), the American market opens, which is suitable for news trading because major economic data releases often occur, but caution is needed due to high volatility.

Another thing to watch is the relationship between gold and the US dollar. Gold often moves inversely; when the dollar strengthens, gold tends to weaken. When stock markets decline, investors often shift money into gold as a safe asset, causing prices to rise.

Crude oil also has a positive correlation with gold because both are commodities related to economic growth. High oil prices often lead to inflation, prompting investors to hold more gold.

Knowing which days the gold market closes and when it opens must go hand in hand with understanding the movement patterns in each period, bond yields, economic calendar, and market liquidity. That’s what makes gold trading successful. Ultimately, good risk management and the ability to adapt strategies according to market conditions are essential.