New York midnight open
Also called true day open, midnight open. What it means, how it looks on a gold (XAUUSD) chart, and the mistake most traders make with it.
New York midnight open: The New York midnight open is gold's price at 00:00 New York time. ICT uses it as the true opening price of the day: in a bullish day, buys are taken below it; in a bearish day, sells above it.
New York midnight open on a gold chart
Gold is at $4,114 at midnight New York time. With a bullish bias, a dip to $4,102 during London is a buy below the opening price, in line with power of three.
How traders use it
Used as a simple premium/discount line for the day.
Common mistake
Using the broker's server midnight instead, which on most MT5 servers is 17:00 New York time.
Questions
What does new York midnight open mean in trading?
The New York midnight open is gold's price at 00:00 New York time. ICT uses it as the true opening price of the day: in a bullish day, buys are taken below it; in a bearish day, sells above it.
How is new York midnight open used on gold (XAUUSD)?
Used as a simple premium/discount line for the day.
Educational content, not financial advice. Every concept here is a probability, not a guarantee.
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