XAUUSD Long
As we can see, Gold is bullish on the H4 and Daily time Frame, there was a rejection at the support level of $1,789 on a daily time Frame.
We expecting Gold to retest the resistance level at $1,813, $1,818 and $1,827. candle stick patterns are showing us we can expect higher bullish continuation.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 14,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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We expecting Gold to retest the resistance level at $1,813, $1,818 and $1,827. candle stick patterns are showing us we can expect higher bullish continuation.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 14,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
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