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Is there a specific time when XAU/USD becomes available for trading?

avatarAjit LendeDec 24, 2021 · 3 years ago3 answers

I'm curious to know if there is a specific time when XAU/USD (gold to US dollar) becomes available for trading in the cryptocurrency market. Can you provide some insights on the trading hours for XAU/USD?

Is there a specific time when XAU/USD becomes available for trading?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Yes, XAU/USD is available for trading in the cryptocurrency market. The trading hours for XAU/USD usually follow the traditional market hours for gold trading, which are from Sunday 6:00 PM EST to Friday 5:00 PM EST. However, it's important to note that different cryptocurrency exchanges may have slight variations in their trading hours, so it's always a good idea to check with your specific exchange for the exact trading hours of XAU/USD.
  • avatarDec 24, 2021 · 3 years ago
    Absolutely! XAU/USD is a popular trading pair in the cryptocurrency market. The trading hours for XAU/USD are typically aligned with the global gold market trading hours, which means you can trade this pair from Sunday evening to Friday evening. Keep in mind that market liquidity may vary during different trading sessions, so it's advisable to consider the trading volume and volatility before making any trading decisions.
  • avatarDec 24, 2021 · 3 years ago
    Yes, XAU/USD is indeed available for trading in the cryptocurrency market. As for the specific trading hours, it depends on the exchange you're using. For example, on BYDFi, XAU/USD can be traded 24/7, allowing you to take advantage of market opportunities at any time. However, it's important to note that liquidity and trading volume may vary during non-traditional market hours, so it's always a good idea to assess the market conditions before placing any trades.