Daily Price Outlook

- S&P 500 holds key support at 5,211, eyeing breakout above 5,345.

- RSI stabilizing near 50 suggests momentum reset.

- Watch 5,433 as crucial trend resistance to reclaim.

The S&P 500 is attempting to stabilize after its recent selloff, now consolidating around 5,268. A modest bounce from the 5,200 zone has brought the index back into a key technical confluence near the descending trendline and the 50-period SMA at 5,433. This area is critical, as it marks a cluster of resistance from both a structural and moving average standpoint.

The index remains range-bound between 5,208 and 5,345, with short-term buyers showing interest above 5,211 support. The RSI at 49.76 reflects a neutral momentum tone, suggesting potential for either a breakout or more consolidation.

A sustained move above 5,345 would expose the next key resistance at 5,400, while a failure to clear this level could see the index revisiting 5,211 and possibly 5,108.

Price structure suggests a higher low is forming near 5,200, with the broader uptrend still technically intact as long as the ascending trendline holds. The 50 SMA, currently at 5,433, will act as a key barrier for bulls to reclaim in order to shift sentiment more decisively upward.

S&P 500 - Trade Ideas

Entry Price – Buy Above 5208

Take Profit – 5400

Stop Loss – 5108

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$1920/ -$1000

Profit & Loss Per Mini Lot = +$192/ -$100

Daily Price Outlook

- Gold stalls near $3,219 Fibonacci resistance as RSI signals overbought.

- Short-term correction likely if $3,219 fails to break cleanly.

- Break below $3,160 may trigger drop toward $3,095.

Gold (XAU/USD) continues to climb, extending its rally to a session high of $3,213.16 before cooling slightly to $3,208.71. Price action is pushing against a significant resistance zone at $3,219, which aligns with a key Fibonacci retracement level.

While momentum remains bullish, traders should be cautious of a short-term pullback as the RSI at 74.14 signals overbought conditions and a potential bearish divergence.

The metal is trading well above its 50-period EMA at $3,065.10, reinforcing the strength of the uptrend. However, a rejection near the $3,219 resistance could trigger a corrective move. The key pivot support sits at $3,160, a level that previously acted as both resistance and now flipped to potential support.

Immediate resistance is marked at $3,219, with higher targets at $3,252 and $3,338 should bullish momentum continue. On the downside, a break below $3,160 could open the door toward $3,124 and further to $3,095.

Given the strong advance, traders may look for a reversal pattern near $3,219 for a potential short entry. A break below the $3,160 pivot would confirm near-term bearish pressure and shift sentiment toward consolidation.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 3219

Take Profit – 3160

Stop Loss – 3252

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$5900/ -$3300

Profit & Loss Per Mini Lot = +$590/ -$330

Daily Price Outlook

- EUR/USD breaks higher above $1.12804 with momentum favoring bulls

- RSI suggests short-term overbought risks—watch for minor pullbacks

- Targeting $1.14111 with key support now forming at $1.12804

EUR/USD continues its bullish breakout, pushing toward the $1.13830 region after clearing the key $1.12804 pivot. The pair is riding a strong upside channel, supported by a steep RSI climb currently at 76.22—well into overbought territory. Still, momentum remains in the bulls’ favor following yesterday’s soft U.S. inflation data, which weighed on the dollar and bolstered euro demand.

Price is now pressing against immediate resistance near $1.13830, with the next target at $1.14111. A sustained break above this level could expose the $1.14483 zone. On the downside, $1.12804 now acts as a critical support level, and below that, $1.12021 is the line in the sand for short-term bulls.

Technically, the pair is well supported above the 50 SMA, currently at $1.10382, and has room to run if risk sentiment stays upbeat. However, with RSI flashing overbought, traders should be cautious of short-term pullbacks or profit-taking near the highs. Momentum remains strong but needs confirmation through a daily close above $1.14111.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.12804

Take Profit – 1.14111

Stop Loss – 1.12021

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1307/ -$783

Profit & Loss Per Mini Lot = +$130/ -$78

Daily Price Outlook

- USD/JPY consolidates below major resistance at 148.08.

- 50 EMA at 146.43 acts as a key support level.

- Neutral RSI suggests a wait-and-see mode for traders.

USD/JPY is trading near 146.74 after slipping below the 147.00 threshold, with resistance at 148.08 capping recent gains. Despite an earlier push higher, the pair has retreated toward the 146.64 pivot zone, which now acts as a key inflection point.

The 50 EMA at 146.43 provides nearby support, and a sustained move above 148.08 would be needed to signal bullish continuation toward 148.98 and potentially 150.53.

On the downside, 146.43 is the level to watch. A break below exposes the pair to further losses toward 145.86 and 144.97. The RSI reads 52.72, suggesting neutral-to-bullish momentum, though upside conviction remains soft.

Price is currently rangebound, with traders awaiting cues from upcoming U.S. inflation data and broader risk sentiment shifts. Unless USD/JPY breaks through 148.08, buyers may remain sidelined.

Momentum is tentative. A move above 148.08 may revive bullish sentiment, but holding above 146.64 is critical for near-term upside.

USD/JPY - Trade Ideas

Entry Price – Buy Above 146.640

Take Profit – 148.084

Stop Loss – 145.867

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1444/ -$773

Profit & Loss Per Mini Lot = +$144/ -$77

Daily Price Outlook

- Gold reclaims 50 SMA at $3,077; upside capped near $3,137 with resistance at $3,168 and $3,199.

- A pullback to $3,108 could offer a buy-the-dip opportunity if bulls defend the $3,077 support.

- RSI at 63.85 signals bullish momentum, but overbought risks may lead to short-term consolidation.

Gold is consolidating just below $3,120 after a sharp two-day rebound from the $3,002 support zone. Price action has now reclaimed the 50-period SMA at $3,077, signaling a short-term bullish shift.

However, the rally is approaching a key barrier at $3,137—a horizontal resistance level that rejected prices twice last week. If bulls manage to close above this level, the next upside targets lie at $3,168 and $3,199.

On the downside, a pullback toward $3,108 could offer a buying opportunity. Immediate support rests at $3,077, followed by a stronger floor near $3,037. The RSI at 63.8 reflects improving momentum, though nearing overbought territory. Until price breaks above $3,137, we may see some sideways consolidation.

Gold is showing strength above the $3,077 level, but bulls need a decisive break above $3,137 to sustain momentum. Watch for a dip to $3,108 for potential entry.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Limit 3108

Take Profit – 3165

Stop Loss – 3075

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$5700/ -$3300

Profit & Loss Per Mini Lot = +$570/ -$330

Daily Price Outlook

- Aussie rebounds above 0.6159 with bullish momentum.

- Resistance at 0.6213 may stall price near-term.

- RSI suggests temporary overextension before trend confirmation.

AUD/USD is trading around 0.6184 after a strong recovery from last week's low of 0.5930. The pair has climbed back above the 50% Fibonacci retracement level at 0.6159 and is now testing resistance near 0.6213.

A clean break above this level could accelerate gains toward 0.6237, aligning with the descending trendline from the recent high of 0.6388.

However, momentum appears stretched. The RSI stands at 67, just shy of overbought territory, hinting at possible consolidation.

On the downside, immediate support lies at 0.6160, followed by 0.6107 and the 50-period moving average at 0.6046. Until bulls confirm a close above 0.6213, upside moves may be limited.

AUD/USD has reclaimed key levels, but a decisive close above 0.6213 is needed to fuel further gains. Watch for RSI cooling or trendline breakout.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.61603

Take Profit – 0.62374

Stop Loss – 0.61071

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$771/ -$532

Profit & Loss Per Mini Lot = +$77/ -$53

Daily Price Outlook

- GBP/USD faces selling pressure below $1.2835.

- RSI shows weak momentum; 50-SMA caps recovery.

- Breakdown below $1.2707 could open room toward $1.2559.

The British pound is attempting a short-term recovery against the U.S. dollar, but gains remain capped below the $1.2835 resistance. After plunging from the $1.3150 high, GBP/USD has been testing broken support levels as resistance, with the pair currently hovering near the trendline retest zone.

Despite the bounce from $1.2711 support, price action remains fragile as the 50-SMA near $1.2923 reinforces downside pressure.

The Relative Strength Index (RSI) sits at 45.5, showing a modest uptick in momentum, though still beneath the bullish threshold of 50.

This suggests a recovery is underway but lacks strong conviction. A sustained break below $1.2835 could trigger another leg lower toward $1.2707, with a deeper slide targeting $1.2638 and $1.2559.

From a risk-reward perspective, sellers may view this as a favorable zone to reenter, given the clear rejection at trendline resistance. On the upside, only a clean break above $1.2906 would negate the bearish structure and shift momentum toward $1.2983.

Traders watching macro catalysts, including U.S. CPI data this week, should remain cautious. Until then, short setups remain technically favorable below $1.2835, targeting a retest of recent lows near $1.2707, with a stop above $1.2906 to manage risk.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.28358

Take Profit – 1.27078

Stop Loss – 1.29068

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1280/ -$710

Profit & Loss Per Mini Lot = +$128/ -$71

Daily Price Outlook

- EUR/USD reclaims $1.1016, signaling renewed bullish strength.

- RSI near 62 points to momentum with more room to run.

- Break above $1.1147 could target $1.1220 in the short term.

EUR/USD is holding firm above the $1.1016 breakout zone, with bullish momentum picking up after a period of consolidation. The pair is trading around $1.1054, continuing its upward move after bouncing off trendline and 50-SMA support near $1.0906. This area remains a key inflection point for buyers, as it aligns with the broader ascending trendline visible since early March.

A clear break above $1.1016 has shifted near-term sentiment back in favor of the bulls. The next immediate resistance stands at $1.1147, which also aligns with last week's swing high. A break above that could open the door toward $1.1220 and eventually $1.1293 if upside momentum continues.

On the flip side, $1.1016 now serves as a short-term support level, with a protective cushion at $1.0938. Below that, $1.0906 marks the base of the current bullish structure.

The Relative Strength Index (RSI) is printing at 62, suggesting strong bullish momentum but not yet in overbought territory. This leaves room for the rally to continue, especially if the pair can sustain above $1.1016 through the upcoming sessions.

The setup remains constructive, favoring long positions above $1.1016 with a take-profit target near $1.1147 and a stop-loss placed at $1.0938. A break below $1.0938 would likely invalidate the current bullish bias and put pressure back on the $1.0906 zone.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.10169

Take Profit – 1.11476

Stop Loss – 1.09386

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1307/ -$783

Profit & Loss Per Mini Lot = +$130/ -$78

Daily Price Outlook

- Gold finds support at $2,990; bullish reversal in play.

- Resistance at $3,057 aligns with 50 EMA; breakout needed for upside momentum.

- RSI recovery supports short-term bounce, but bias stays cautious below $3,075.

Gold prices are showing early signs of recovery, trading around $3,023 after finding firm support near the $2,990 region. This level has now been tested multiple times, reinforcing its role as a key pivot.

Buyers have defended this support well, with prices rebounding toward $3,040. Still, the metal remains capped below the 50 EMA, which currently sits at $3,075—a zone that also aligns with horizontal resistance near $3,057.

If gold breaks above this resistance area, the next upside targets are $3,084 and $3,152. Meanwhile, on the downside, $2,990 remains critical. A sustained move below this would expose $2,953 and potentially $2,932 as next supports. The 50-period EMA at $3,075 continues to serve as a dynamic ceiling, suggesting any breakout needs to be confirmed by a close above this zone.

The Relative Strength Index (RSI) is currently at 48, slightly recovering from oversold conditions, and pointing higher—indicating that buyers may be regaining control in the short term. However, the broader trend remains vulnerable until the price decisively reclaims the $3,075 handle.

From a risk-reward standpoint, traders may consider a long position above $2,990, targeting a break toward $3,057, with a protective stop near $2,953. This setup aligns with trendline support and early bullish momentum.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2990

Take Profit – 3057

Stop Loss – 2953

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$6700/ -$3700

Profit & Loss Per Mini Lot = +$670/ -$370

Daily Price Outlook

- Recovery hinges on holding $0.60376 and clearing $0.61068.

- RSI hints at early bullish divergence, but no breakout yet.

- EMA structure still favors sellers; caution on upside.

AUD/USD is currently trading at $0.60591, showing early signs of recovery after last week’s steep drop. The pair briefly tested support around $0.59300 before bouncing back above the $0.60376 level, which now serves as a critical short-term pivot.

The bounce coincides with mild bullish divergence on the RSI (currently at 42.27), suggesting a tentative return in buyer interest. However, the broader structure remains fragile. The 50 EMA at $0.62230 continues to slope downward, capping any strong bullish momentum.

From a Fibonacci perspective, the pair is struggling near the 23.6% retracement at $0.60388. A break above $0.61068—the 38.2% retracement—would bolster bullish sentiment and expose higher resistance at $0.61598 and $0.62138.

On the downside, immediate support rests at $0.59821, followed by $0.59307. A breach below those levels could send AUD/USD to test deeper lows near $0.58792.

Traders will want to see a sustained move above $0.61068 to confirm follow-through buying. Until then, any upside moves should be viewed cautiously and within the context of a broader bearish trend.

The RSI still hovers below the midline, while the EMA structure favors bears, leaving the recovery in question unless momentum improves decisively above $0.61385.

The risk-reward favors short-term longs above $0.60376, but upside targets should remain conservative unless we see a daily close above $0.61598.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.60376

Take Profit – 0.61385

Stop Loss – 0.59821

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1009/ -$555

Profit & Loss Per Mini Lot = +$100/ -$55