What time do Gold and Silver Daily bars start

Hi guys

I m a bit confused, my daily Gold+silver candles are different from other brokers

What time Start/close Daily Gold and Daily Silver bars

thx

Hey, the candles are slightly different for each broker because of spreads and how different brokers price them.

Gold and Silver open at 5PM Eastern on Sunday and close at 4PM Eastern on Friday.

Hi,
If you use MT4, you can right click on the gold in the market watch window and bring up the specifications. There you will see open times. Mine starts trading gold 1 hr after Australia open, basically when the asia opens. Also your broker should have trading times listed on their website.

Kind Regards,
Tzamo

Hi
Did you get this information from MT4? When I view the specifications in MT4 it says market opens for gold at 6 PM Eastern and closes at 5 PM Eastern (23 hours later), and this applies from monday to friday.

Some brokers also have a 6 days chart instead of 5 days, that's because it shows a candle from sunday.
Quote from a website:
"There are only 5 trading days per week in each major currency trading center around the world, but due to the 24hr nature of Forex, some platforms show a “Sunday” bar, this is incorrect and unnecessary…"

Anyway, I dont think its a big problem but just wanted to say this.

Gold and silver prices are set as:
• What is “the fixing” and who sets these prices?
• What are spot and futures prices?
• What are the sources of spot and futures prices?
• What are precious metals?

anniecalvert, the markets are open 24-hours per day for 7 days per week (yes even on weekends). But retail traders can only access these markets from monday (or sunday depending on timezone) to friday. The market is open on weekends for various reasons. few of several reasons: foreign travelers, turists, online shopping etc. they all exchange currency. And I believe for these and several other reasons that the market can move a little bit.

I would say the most important prices in a chart to be the highs and the lows. These are time frame independent.

During the last 3-4 months I am trading the close price mostly and I have found out the Cyprus time candle +2 GMT to be delivering the highest drawdown. However, all four time frames on the H4 candle, for example, deliver exactly the same income. The lowest DD comes from the London candles...