Daily Price Outlook

- Critical Levels: Pivot at $6,093.28; resistance at $6,122.27; support at $6,053.76.

- RSI at 69: Overbought conditions suggest potential for a short-term correction.

- Technical Setup: Break below $6,093.28 risks downside; above $6,122.27 signals bullish continuation.

The S&P 500 (SPX) is trading at $6,075.10, down 0.19%, as the index continues to face resistance near its pivot point of $6,093.28. Despite maintaining an overall bullish trajectory, the session reflects cautious sentiment amid broader market consolidation.

The RSI at 69 indicates the index is approaching overbought territory, suggesting potential for a short-term pullback.

Immediate resistance is observed at $6,122.27, with subsequent levels at $6,153.89 and $6,186.17. These levels represent critical barriers for further upside momentum.

On the downside, immediate support lies at $6,053.76, followed by $6,024.77 and $5,989.86, offering key areas for potential stabilization in case of a pullback.

The 50-day EMA at $5,937.87 underpins the broader bullish sentiment, indicating strong underlying support for the index.

However, a decisive move below the pivot point at $6,093.28 could trigger selling pressure, targeting support at $6,053.76 or lower. Conversely, a break above $6,122.27 may validate further gains toward the next resistance level of $6,153.89.

S&P 500 - Trade Ideas

Entry Price – Sell Below 6083

Take Profit – 6033

Stop Loss – 6122

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$500/ -$390

Profit & Loss Per Mini Lot = +$50/ -$39

Daily Price Outlook

- Critical Levels: Pivot at $2,644.33; resistance at $2,666.85; support at $2,617.61.

- RSI at 50: Neutral momentum signals a balance between buyers and sellers.

- Technical Setup: A move above $2,644.33 may spark bullish momentum; below $2,617.61 risks deeper declines.

Gold (XAU/USD) is trading at $2,638.45, down 0.24% in the session, reflecting cautious sentiment as the price hovers below the critical pivot point at $2,644.33.

Technical indicators point to a neutral bias, with the Relative Strength Index (RSI) at 50, suggesting equilibrium between buyers and sellers.

Immediate resistance is seen at $2,666.85, followed by $2,688.97 and $2,707.52, which represent significant hurdles for bullish momentum.

On the downside, support levels are positioned at $2,617.61, $2,595.99, and $2,575.78, marking areas to watch for potential bearish pressure. The 50-day EMA at $2,641.72 reinforces short-term resistance near the pivot, indicating a key zone for directional shifts.

Traders should monitor the $2,644.33 pivot closely. A sustained move above this level could target resistance at $2,666.85, validating a bullish breakout. Conversely, a break below $2,617.61 may trigger further declines, with $2,595.99 as the next support level.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2626

Take Profit – 2666

Stop Loss – 2606

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$4000/ -$2000

Profit & Loss Per Mini Lot = +$400/ -$200

Daily Price Outlook

- Breakout Potential: Symmetrical triangle pattern suggests potential for a move above $2,666.19 or below $2,639.81.

- Resistance Levels: Key resistances at $2,666.19, $2,686.65, and $2,704.46 could cap upward momentum.

- Support Levels: Downside risk targets include $2,621.48, $2,604.95, and $2,586.53, should bearish sentiment prevail..

Gold (XAU/USD) is trading at $2,645.99, down 0.17% during the session, reflecting a cautious sentiment as the price remains slightly below its pivot point at $2,639.81. This indicates a neutral to bearish outlook in the short term, with traders watching for a breakout or sustained directional move.

Immediate resistance is located at $2,666.19, with subsequent levels at $2,686.65 and $2,704.46. On the downside, support rests at $2,621.48, with additional levels at $2,604.95 and $2,586.53.

Technical indicators suggest a mixed outlook. The Relative Strength Index (RSI) at 53 indicates neutral momentum, while the 50-day EMA at $2,646.06 aligns closely with the current price, acting as a short-term resistance.

A symmetrical triangle pattern signals potential for a breakout, with a move above $2,666.19 likely triggering bullish momentum toward higher resistance levels. Conversely, failure to hold above $2,639.81 could invite selling pressure, targeting key support at $2,621.48.

Traders should monitor market sentiment and global economic data for further cues. Entry is recommended above $2,640, targeting $2,666, with a stop-loss set at $2,625 to mitigate downside risk.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2640

Take Profit – 2666

Stop Loss – 2625

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$2600/ -$1500

Profit & Loss Per Mini Lot = +$260/ -$150

Daily Price Outlook

- Bearish Sentiment: RSI at 42 indicates weak momentum, favoring a bearish bias below 150.76.

- Critical Levels: Support at 148.83 and resistance at 152.00 define key areas for directional moves.

- Trading Strategy: Sell below 150.427, targeting 148.806, with a stop-loss set at 151.429 to mitigate risk.

USD/JPY is trading at 149.81, down 0.48% during the session, reflecting bearish sentiment as the pair hovers below its pivot point at 150.76. Immediate resistance is located at 152.00, with additional barriers at 153.36 and 154.73.

On the downside, support is at 148.83, followed by key levels at 147.72 and 146.67, marking critical zones for potential bearish extensions.

Technical indicators suggest bearish momentum in the near term. The RSI stands at 42, highlighting a lack of upward momentum and a tilt toward oversold conditions.

The 50-day EMA, positioned at 150.02, aligns with the pivot point, acting as a dynamic resistance level. Failure to reclaim the pivot point could reinforce downward pressure, increasing the likelihood of a retest of lower support levels at 148.83.

The broader trend appears influenced by Federal Reserve policy expectations and yen-specific fundamentals, including intervention risks.

A break below 150.427 supports a bearish outlook, targeting 148.806, with a stop-loss set at 151.429 for risk management. Conversely, a sustained recovery above 152.00 may signal a reversal, though current market conditions suggest limited upside potential.

Traders should monitor macroeconomic developments and market sentiment closely as the pair consolidates near critical levels. The immediate bias remains bearish, with short positions recommended below 150.427.

USD/JPY - Trade Ideas

Entry Price – Sell Below 150.427

Take Profit – 148.806

Stop Loss – 151.429

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1621/ -$1002

Profit & Loss Per Mini Lot = +$162/ -$100

Daily Price Outlook

- Bearish Bias: RSI at 43 and resistance at $0.64712 signal limited upward momentum in the short term.

- Levels: Break below $0.64472 targets $0.64154 and $0.63763; upside capped near $0.65259.

- Trading Strategy: Sell below $0.64473, aiming for $0.63959, with a stop-loss at $0.64775 to manage potential reversals.

AUD/USD is trading at $0.64402, up 0.16% during the session, showing mild bullish momentum while hovering near the pivot point at $0.64472.

The pair is navigating a cautious market, with immediate resistance at $0.64927, followed by higher levels at $0.65259 and $0.65575.

On the downside, support lies at $0.64154, with additional levels at $0.63763 and $0.63475, marking critical areas to watch for potential bearish moves.

Technical indicators highlight a mixed outlook. The RSI at 43 reflects a lack of strong momentum, leaning slightly toward bearish sentiment.

The 50-day EMA at $0.64712 acts as a resistance barrier, keeping upward movements in check. A failure to break above this EMA may signal continued pressure on the pair.

Price action suggests traders should watch for a potential breakdown below the pivot point of $0.64472, which could expose AUD/USD to lower support levels around $0.64154.

The pair’s performance aligns with broader market themes, including Federal Reserve policy expectations and commodity price dynamics. Entry is recommended below $0.64473 for short positions, targeting $0.63959 with a stop-loss set at $0.64775 to mitigate risk.

On the flip side, a sustained move above $0.64927 could trigger bullish momentum, though current indicators favor a neutral-to-bearish trajectory.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.64473

Take Profit – 0.63959

Stop Loss – 0.64775

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$514/ -$302

Profit & Loss Per Mini Lot = +$51/ -$30

Daily Price Outlook

- Resistance Levels: $1.27496, $1.27833; pivot at $1.27106 critical for further gains.

- Support Levels: $1.26169, $1.25817; failure below $1.26645 risks deeper correction.

- Indicators: RSI at 53 indicates mild bullish momentum; 50 EMA at $1.26799 underpins the uptrend.

GBP/USD is trading at $1.26866, up 0.11%, maintaining a mildly bullish tone as it hovers just above its 50-day EMA at $1.26799. The pair is consolidating below its pivot point of $1.27106, with immediate resistance at $1.27496.

Further resistance levels are noted at $1.27833, suggesting potential upside targets if the pair sustains momentum. On the downside, support is seen at $1.26169, followed by $1.25817 and $1.25386.

The RSI stands at 53, reflecting modest bullish momentum but not yet signaling overbought conditions. A decisive move above the pivot point could validate the bullish bias, targeting $1.27496 and beyond.

However, a break below $1.26645 may expose the pair to further declines, targeting the $1.26169 support zone.

Entry opportunities above $1.26645 align with the current trend, with profit targets near $1.27098 and a prudent stop-loss at $1.26323 to manage downside risks.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.26645

Take Profit – 1.27098

Stop Loss – 1.26323

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$453/ -$322

Profit & Loss Per Mini Lot = +$45/ -$32

Daily Price Outlook

- Resistance Levels: $1.05973, $1.06321; a break above $1.05655 signals bullish momentum.

- Support Levels: $1.04622, $1.04255; watch for a break below $1.05280 for bearish moves.

- Indicators: RSI at 49 reflects indecision; 50 EMA at $1.05290 reinforces resistance.

EUR/USD is trading at $1.05132, up 0.08%, as it consolidates above its immediate support at $1.04622. The pair remains below its pivot point of $1.05655, signaling a cautious tone amid mixed market sentiment.

Immediate resistance lies at $1.05973, with further levels at $1.06321, while on the downside, support is seen at $1.04255, followed by $1.03930.

The RSI at 49 indicates neutral momentum, suggesting that the pair lacks a clear directional bias. The 50-day EMA at $1.05290 acts as a key resistance level, aligning with the broader downward trend.

A sustained break below $1.05280 could confirm bearish momentum, targeting $1.04622 or lower. Conversely, a recovery above $1.05655 would shift the focus toward higher resistance levels.

Technical indicators suggest that traders remain cautious, with the pair trading near pivotal levels. Entry points below $1.05280 provide an opportunity for bearish plays, with a target of $1.04622 and a stop-loss at $1.05667.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.05280

Take Profit – 1.05280

Stop Loss – 1.05667

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$580/ -$387

Profit & Loss Per Mini Lot = +$58/ -$38

Daily Price Outlook

- Resistance Levels: $2,686.65, $2,704.46; breakout above $2,666.19 critical.

- Support Levels: $2,621.48, $2,604.95; strong zone for potential pullback.

- Indicators: RSI at 55 leans bullish; 50 EMA near $2,643.97 reinforces upward bias.

Gold (XAU/USD) is trading at $2,648.94, up 0.19%, maintaining a bullish bias above its pivot point of $2,666.19. The immediate resistance at $2,686.65 remains a key level to watch, with further resistance at $2,704.46 suggesting potential upside targets.

On the downside, immediate support lies at $2,621.48, followed by $2,604.95 and $2,586.53, forming a strong support zone in case of retracement.

The Relative Strength Index (RSI) sits at 55, signaling neutral momentum but tilting toward a bullish outlook. The 50-day EMA at $2,643.97 aligns closely with the current price, reinforcing near-term support and indicating the uptrend is intact.

A decisive move above $2,666.19 could confirm further upward momentum, targeting $2,686.65 and beyond. Conversely, a break below $2,621.48 could expose the metal to sharper losses toward the $2,604.95 level.

Traders are closely monitoring the symmetrical triangle pattern, which suggests a breakout is imminent. Entry points above $2,640 could yield profits, with targets near $2,666, while a stop-loss at $2,625 offers downside protection.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2640

Take Profit – 2666

Stop Loss – 2625

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$2600/ -$1500

Profit & Loss Per Mini Lot = +$260/ -$150

Daily Price Outlook

- Support and Resistance: Immediate resistance is at $0.65575, while immediate support lies at $0.64497, with further downside targets at $0.64154.

- Trend Indicators: Price trades below the 50 EMA ($0.64931), reinforcing a bearish bias; RSI at 42 signals further downside potential.

- Trade Setup: Short positions below $0.64813 with a take-profit target of $0.64150 and a stop-loss at $0.65328.

The AUD/USD pair dipped slightly, trading at $0.64696, down 0.07% for the session. The price action has remained below the pivot point of $0.65259, signaling ongoing bearish momentum on the 4-hour chart.

The pair's proximity to the 50 EMA, which is currently at $0.64931, highlights a consolidation phase, though sellers maintain a slight edge.

Immediate resistance lies at $0.65575, with further levels at $0.65973. These levels represent potential barriers for any corrective upward moves. Conversely, immediate support is located at $0.64497, a breach of which could extend losses toward $0.64154 and $0.63763.

The RSI, currently at 42, underscores the bearish tone, indicating that selling pressure is outweighing buying interest but has yet to reach oversold territory.

The technical structure favors a short-term sell strategy, particularly if prices remain below $0.64813. A suggested trade setup involves entering short positions below this level, targeting a move toward $0.64150, while managing risk with a stop-loss at $0.65328.

This approach aligns with the pair’s downward trajectory and the broader bearish market sentiment.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.64811

Take Profit – 0.64150

Stop Loss – 0.65328

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$661/ -$517

Profit & Loss Per Mini Lot = +$66/ -$51

Daily Price Outlook

- Support and Resistance: Immediate resistance at $2,666.19, with strong support at $2,622.74.

- Trend Indicators: Prices hover near the 50 EMA ($2,643.11), signaling a cautious upward bias.

- Trade Setup: Buy above $2,636 with a take-profit target of $2,666 and a stop-loss at $2,620.

Gold prices continue to show resilience, edging up 0.33% to $2,647.74 as of the latest trading session. The metal has managed to sustain itself above the critical pivot point at $2,636.59, supported by a moderately bullish sentiment on the 4-hour chart.

With the 50 EMA holding steady at $2,643.11, the short-term trend suggests potential upward momentum, though further confirmation is required.

Immediate resistance lies at $2,666.19, which aligns with the projected take-profit level for intraday traders. A break above this level could expose $2,686.59, followed by the key psychological threshold of $2,704.92.

On the downside, immediate support rests at $2,622.74, with further declines potentially testing $2,604.95 and $2,586.53. Traders are advised to monitor these levels closely as a breach could signal a deeper retracement.

Technical indicators present a mixed outlook. The RSI hovers around 50, indicating a neutral sentiment with room for directional movement depending on price action. The market's sensitivity to upcoming economic data and geopolitical developments could play a pivotal role in defining the trend this week.

Given the current setup, a buying opportunity emerges above $2,636, targeting $2,666 while maintaining a disciplined stop-loss at $2,620. This strategy balances the ongoing bullish undertone with the potential for temporary retracements.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2636

Take Profit – 2666.

Stop Loss – 2620

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$3000/ -$1600

Profit & Loss Per Mini Lot = +$300/ -$160