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Selected Ideas

GOLD to bounce off from current level and continue bullish
XAUUSD ·
Wed Apr 03 10:30:39 UTC 2024
PEPPERSTONE:XAUUSD GOLD had been bullish for multiple weeks for now. Today, London had some correction moving into the news tonight. 1H chart has also created a bullish divergence. I would like to see a bounce off back towards the buy side.
Details
Above 2260, gold will continue its bullish pattern
XAUUSD ·
Wed Apr 03 10:33:10 UTC 2024
Dear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the expansion of the situation in the Middle East and the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have...
Details
divergence
XAUUSD ·
Wed Apr 03 10:35:35 UTC 2024
In my opinion, these gold prices are suitable for selling, all long-term and short-term resistances and classical and harmonic patterns will indicate the decline of gold.
Details
GOLD.. where is today support ? holding or not?
XAUUSD ·
Wed Apr 03 10:19:35 UTC 2024
#GOLD.. well guys market exact move as per our video analysis in morning, now market have today supporting area at 2268 keep close it because it will play key role in today, lots of datas on table in today, and you have only supporting area 2268, stay sharp here, only invalid if market close below 2268 good luck trade wisely
Details
Gold reached a new peak and is expected to continue to increase
XAUUSD ·
Wed Apr 03 10:19:51 UTC 2024
☘️Gold prices are rising as traders predict that the European Central Bank (ECB), Bank of England (BoE) and US Federal Reserve (Fed) will cut interest rates next June due to Inflation is cooling down. “As interest rates fall, gold becomes more attractive compared to fixed assets such as bonds, which offer weaker returns in a lower interest rate environment,” said...
Details
Buy silver for a longtime
XAGUSD ·
Wed Apr 03 10:14:31 UTC 2024
Hi guys, XAGUSD finally broke up the long-term triangle in daily time frame and unfortunately didn't reach to our favorite support level. We want to buy it for several months and it is very worthy instead of Gold because of far from all time high. Buy it in pullback on triangle line 24-25.5 . TP 50 final TP 75 SL 20 RR 1:5 Write your opinion here. Be success :-)
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xauusd_ GOLD Buy zone
XAUUSD ·
Wed Apr 03 10:01:19 UTC 2024
xauusd_ GOLD Buy zone for you guy first dont forget risk management then trade
Details
WTI OIL Big rally ahead unless it breaks below the 1W MA100.
USOIL ·
Wed Apr 03 10:02:55 UTC 2024
WTI Oil (USOIL) hit our long-term 82.50 Target last week, a call made early this year (January 12, see chart below) when the price was still at $74.33: At the moment, the price sits above the 1W MA100 (green trend-line) for the first time since the week of October 23 2023, as the week opened above it. This calls for an upward extension similar to the...
Details
XAUUSD SHORT
XAUUSD ·
Wed Apr 03 10:04:00 UTC 2024
XAUUSD Short is idea for now until i see further development on LTF such as D1 and H4. What I am seeing here is a reversal from W1 TL after Monday and Tuesday ATH's. How much more can XAUUSD keep pushing it's bullish momentum. Where does this power come from? DXY is not this weak...it has corrective nature which makes it very odd for XAUUSD to be acting like this....
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Economic Calendar
05-2005-2105-2205-2305-24
  • Actual
  • Forecast
  • Prior
  • 11:00
    Spanish Consumer Confidence (Apr)
    -
    -
    79.6

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News

British Foreign Secretary Rami: Delaying peace efforts will strengthen our determination to support Ukraine and increase sanctions to undermine Putin's war machine.

News Flash20-05 10:22From XTrend Speed
British Foreign Secretary Rami: Delaying peace efforts will strengthen our determination to support Ukraine and increase sanctions to undermine Putin's war machine.

Russian Presidential Assistant Ushakov: Trump regretfully stated in a call with Putin that Russia and the United States are now much more alienated than during World War II.

News Flash20-05 10:19From XTrend Speed
Russian Presidential Assistant Ushakov: Trump regretfully stated in a call with Putin that Russia and the United States are now much more alienated than during World War II.

Kremlin: The threat of terrorist attacks in the Red Square area was blocked during the ceasefire announced by Russia to commemorate Victory Day.

News Flash20-05 10:17From XTrend Speed
Kremlin: The threat of terrorist attacks in the Red Square area was blocked during the ceasefire announced by Russia to commemorate Victory Day.

Qatar Investment Agency CEO: The US economy needs further industrialization.

News Flash20-05 10:07From XTrend Speed
Qatar Investment Agency CEO: The US economy needs further industrialization.

ECB Management Committee Nott: The medium-term inflation outlook is too uncertain, and it is hard to say whether we need to cut interest rates in June.

News Flash20-05 10:01From XTrend Speed
ECB Management Committee Nott: The medium-term inflation outlook is too uncertain, and it is hard to say whether we need to cut interest rates in June.

Qatar Central Bank Governor: U.S. tariffs have little direct impact on Qatar, because Qatar's exports to the United States are less than 2%.

News Flash20-05 09:56From XTrend Speed
Qatar Central Bank Governor: U.S. tariffs have little direct impact on Qatar, because Qatar's exports to the United States are less than 2%.

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Trading Knowledge

Trading Terminology

Basic Knowledge
Open Positions:

refer to the state of a trade after a trader has entered the market. Traders can Buy or Sell to enter the market.



Closed Positions:

refers to executing a security transaction that is the exact opposite of an open position, thereby nullifying it and eliminating the initial exposure.



Close Out:

When your account's Equity reaches 50% of your Used margin , the system will automatically close out positions. The system will start closing positions that have the highest loss until the ratio is greater than 50%.



IMPORTANT NOTE: You should set “stop loss” and “take profit” in time when trading.

How to calculate profit and loss?

Product Guide
Profit/Loss = Price Difference in pips * Pip Value



For example, you buy 100 AUDUSD with a pip value of 0.01 USD and required margin of $5.

The opening price is 0.78260 and the closing price is 0.78220.

Their price difference in pips is -4 pips [(0.78220-0.78260)/0.0001 - The pip for AUDUSD is the fourth decimal point, ie. 0.0001].

Hence, the profit/loss (P/L) is -$0.04.

What is Margin Level?

Product Guide
● The margin level is a risk management gauge that helps you understand how the currently opened positions influence your account.

● Margin level is a mathematical equation that effectively tells the trader how much of their funds are available for new trades

● The higher the margin level, the higher the amount of cash available to trade

● The lower the margin level, the lower the amount of cash available to trade and the account could be subject to a margin call.

● Monitoring margin level is important for managing your account. If it falls to 100% the system will not allow you to open new positions, and in the case it falls further, some of your positions may be forcibly closed. You can raise it, either by adding funds to your account to increase equity or by closing some positions to reduce used margin.

If your margin level is getting close to 50%, you are in danger of having some of your positions forcibly closed. When the margin level is less than or equal to 50%, the positions with the greater losses will be closed out until the margin level rises above 50%. The positions opened by coupons will not be influenced and hence coupon trades will not be closed out.



How is margin level calculated?

It is calculated by the following formula:

Margin level = (equity ÷ used margin) × 100%

If you don't have any trades open, your margin level will be “- “



Margin level example

If your account equity is $8,000 and your used margin is $2,000 then your margin level is 400%.

Important Economic Data - Released Dates

Economic Calendar
NFP:

At 15:30 (GMT +2) on the first Friday of every month



GDP of major currencies (EUR, USD, GBP, AUD, NZD & JPY):

Released on a quarterly basis.



CPI of major currencies (EUR, USD, GBP, AUD, NZD & JPY) :

Released monthly.



U.S. Initial jobless Claims :

At 15:30 (GMT +2) every Thursday



U.S. Durable Goods Orders :

At 14:30 (GMT + 2) once a month



FOMC Minutes:

The Committee meets eight times a year, approximately once every 6 weeks



EIA:

At 17:30 (GMT + 2) every Wednesday



OPEC meeting:

Twice in a year, usually in June and December

Candlestick Chart

Candlestick Chart
There are two basic candlesticks:

1. Bullish Candle: When the close is higher than the open (usually green or white).

2. Bearish Candle: When the close is lower than the open (usually red or black).



There are three main parts to a candlestick:

1. Upper Shadow: The vertical line between the high of the day and the close (bullish candle) or open (bearish candle).

2. Real Body: The difference between the open and close; colored portion of the candlestick.

3. Lower Shadow: The vertical line between the low of the day and the open (bullish candle) or close (bearish candle).



Candlestick Patterns


1.White Marubozu

Formation: When the opening price equals the bottom price and the closing price equals the top price. The body colour is white or green without shadows.

Meaning: The buyers maintained control of the price - Bullish.

Forecast: It indicates the continuation at the end of an uptrend or a reversal at the end of a downtrend.


2.Black Marubozu

Formation: When the opening price equals the top price and the closing price equals the bottom price. The body colour is black or red without shadows.

Meaning: The sellers maintained control of the price - Bearish

Forecast: It indicates the continuation at the end of a downtrend or a reversal at the end of an uptrend.


3.Closing Black Marubozu

Formation: When the closing price equals the top price and no lower shadow is created.

Meaning: The sellers took control of the price - Bearish.

Forecast: It indicates the continuation at the end of a downtrend or a reversal at the end of an uptrend.


4.Hammer

Formation: Small candlestick body with a long lower shadow and a short or absent upper shadow.

Meaning: The buyers were able to overcome the selling pressure and close near the open - Bullish.

Forecast: It indicates a reversal after a downtrend or a support level which requires further bullish confirmation.


5.Shooting Star

Formation: Small candlestick body with a long upper shadow and a short or absent lower shadow.

Meaning: The sellers were able to overcome the buying pressure - Bearish.

Forecast: It indicates a reversal after an uptrend or a resistance level which requires further bearish confirmation.


6.Spinning Tops

Formation: Small candlestick body with a long upper shadow and a long lower shadow.

Meaning: Neither the sellers or the buyers were able to take over - Neutral.

Forecast: If it forms during an uptrend, it could mean that not many buyers are left and a possible reversal might occur. If it forms during a downtrend, it could mean that not many sellers are left and a possible reversal might occur.


7.Doji

Formation: Opening and closing prices are effectively equal with a long upper shadow and a long lower shadow.

Meaning: Neither the sellers or the buyers were able to take over - Neutral.

Forecast: It indicates indecision and is often formed during resting periods after a significant move either higher or lower.



The above are some types of candlestick patterns that can be formed. The different types can be categorised as single, double and triple candlestick formations. Please always take market conditions and price action signal into consideration before acting on a single candlestick pattern.

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