Better to avoid looking at the chart as much as possible to win
Staring at charts during still times, those wasted hours
That’s because you’re wasting energy during periods when there’s no movement.
From morning till night you watch the charts. You spend time, but your results don’t improve. Instead, you just accumulate fatigue—there are quite a few traders like this. One of the causes iscontinuing to glare at the charts during “stagnant” periods.
Gold doesn’t move the same way all day. There are times when it moves a lot and times when it doesn’t move much. If you cling to the stagnant times without knowing this difference, you’ll waste effort and not see results.
This time we’ll explain the perspective of gold’s time zones. Knowing when to look at the chart also means knowing when not to.
Times when gold moves and times when it does not
Gold price movement is linked to the trading hours of major markets. Broadly, there are the following tendencies:
・Early morning to morning: many periods are relatively calm
・European hours (evening onward): tends to become more active gradually
・U.S. hours (night onward): the period when moves are largest
・Overlap of European and U.S. hours: especially active
※These are general tendencies. They vary with market conditions and events.
If you know this tendency,you can narrow down the times you should look at the chart.Trying to trade during periods when there isn’t much movement makes price action scarce, making it hard to form entries with clear justification. If you force entries anyway, they tend to be trades with thin rationale.