WHAT IS THE SESSION OPEN ON GOLD?

A gold session open is the start of a regional trading window, when local desks come in and XAUUSD liquidity steps up. London opens around 07:00 UTC and is the deepest pool because the over-the-counter bullion market is centred there; New York opens around 12:00 UTC, and the overlap through roughly 16:00 UTC carries the highest participation and the largest share of the daily range.

The Asian window from about 23:00 to 07:00 UTC typically sets a narrower reference range that London frequently breaks. Because local clocks shift with daylight saving, sessions should be defined in UTC, and every gold trade should be tagged by session — the same setup can be profitable in the overlap and negative in Asian hours, and an unsegmented average conceals both results.