If you want to trade gold, the first thing to know is what time the gold market opens, because this is a fundamental aspect that will help you choose the right trading times. I often observe that many people do not pay attention to this, and I am surprised why the results do not meet expectations.

The gold market in the Forex system operates 24 hours a day, from Monday at 05:00 AM Thai time (when the New Zealand market opens) until Saturday at 04:00 AM (after the New York market closes). However, this does not mean that every time is suitable for trading. Different periods have different price movement characteristics.

In the Asian morning session, the gold market is usually quiet, with prices moving within a narrow range. This is good for scalping or range trading. If you prefer short-term trading, setting Take Profit and Stop Loss close by is enough. When the European market opens in the afternoon to evening, prices often have a clear direction. This is a good time for trend following or breakout trading. During the night, when the American market opens, volatility increases, especially during major economic data releases. If you enjoy the excitement of news trading, this period is suitable, but be cautious of high risks.

Another thing I see many people overlook is the relationship between gold and other assets. When the US dollar strengthens, gold prices tend to weaken because gold is traded in dollars. Stock markets, when falling, lead investors to seek safe assets, and gold is one of the options. Crude oil has a positive correlation; both are commodities that reflect economic growth.

Following the economic calendar helps you know when important data releases will happen—inflation rates, employment figures, FED meetings—all of which are crucial for gold market movements. Analyzing market liquidity at different times helps adjust your trade size appropriately. Avoid trading large positions during low liquidity periods.

Regarding seasonal patterns, early in the year, gold often rises due to Chinese New Year and portfolio adjustments. In summer, trading volume decreases, and prices tend to move more slowly. During Indian wedding festivals in October-November, demand increases significantly. At the end of the year, volatility can occur due to fund position closures.

Understanding the gold market is not just about knowing the opening and closing times but also recognizing that each period has its own character. Choose strategies that suit each phase, manage risks well, and adapt your plan according to market conditions. This is what enables long-term success in gold trading.