Technical analysis by Pro-Trading-Africa about Symbol PAXG: Buy recommendation (7/25/2021)

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 Dollars0, 01 = R1,43 / $0,10c0. 05 = R 7,15 / $ 0.500.10 = R 14,3 / $1.001 Lot size = R 14,26How 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: