Author: Silas W

Gold (XAU/USD) trades on the back foot on Wednesday after surging to a fresh all-time high near $4,526 earlier in the day. Volatility picked up amid thin holiday liquidity ahead of Christmas, encouraging mild profit-taking at elevated levels. At the time of writing, XAU/USD trades around $4,470, up nearly 3% this week. Bullion’s historic rally…

Quick Summary: Success in Forex isn’t about predicting the win; it’s about defining where you are wrong. This guide covers the 3-step risk process: Defining (Technical levels), Limiting (Position sizing/proximity), and Accepting (Mental edge). A Text That Boosted My Ego (And Proved My Point) A few years ago, at a social gathering, I met someone…

Daily Pivots: (S1) 210.46; (P) 210.99; (R1) 211.70; More… Intraday bias in GBP/JPY remains neutral for consolidations. Downside of retreat should be contained above 206.74 support to bring another rally. On the upside, break of 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 will extend current up trend to 100% projection at 219.99…

Daily Pivots: (S1) 183.54; (P) 184.11; (R1) 184.79; More… EUR/JPY is still bounded in consolidations below 184.89 and intraday bias stays neutral. Downside of retreat should be contained above 181.98 resistance turned support to bring another rally. On the upside, break of 184.89 temporary top will resume larger up trend to 186.31 long term projection…

Daily Pivots: (S1) 0.8717; (P) 0.8727; (R1) 0.8735; More… Immediate focus is now on 0.8270 support in EUR/GBP. Decisive break there will resume whole fall from 0.8863, and target 0.8631 cluster support (38.2% retracement of 0.8221 to 0.8663 at 0.8618). However, on the upside, break of 0.8796 resistance will argue that the fall has completed…

Daily Pivots: (S1) 1.7562; (P) 1.7621; (R1) 1.7654; More… Intraday bias in EUR/AUD remains on the downside as this point. Current development suggests that rebound form 1.7477 has completed at 1.7804. Fall from 1.8160 is still in progress. Deeper decline would be seen to retest 1.7477 first. Break there will target 1.7245 support and below….

Daily Pivots: (S1) 0.9274; (P) 0.9297; (R1) 0.9312; More…. Intraday bias in EUR/CHF stays on the downside as fall from 0.9394 is in progress. Current development suggests that rebound from 0.9178 has already completed. Deeper decline would be seen to retest 0.9178 low. On the upside, above 0.9326 minor resistance will turn intraday bias neutral…