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Dunn To PerfectionFoundation

Gold Trading & XAU/USD · Module 1: Market Mechanics · Lesson 2

Trading Sessions

Intermediate 6 minLesson 2 of 15

Learning objectives

  • Explain trading sessions in plain language
  • Understand why it matters to markets
  • Recognise a common misconception

The concept

Gold trades nearly 24 hours on weekdays across three overlapping sessions: Asia (Tokyo, Shanghai, Sydney), London, and New York.

Why it matters

and change by session. The London–New York overlap is usually the most active period.

How markets interpret it

Many traders note that price often moves more when London opens and when major U.S. data is released during New York hours.

How it may relate to gold

The LBMA benchmark auctions happen during London hours; COMEX are most active during New York hours.

Key takeaways

  • Three main sessions: Asia, London, New York.
  • The London–New York overlap is usually most liquid.

Knowledge check

Which period is typically most active for gold?

Key terms · hover or tap for a definition

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