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

Daily Price Outlook

- Resistance Levels: $1.27486, $1.28086, $1.28575.

- Support Levels: $1.26175, $1.25669, $1.25072.

- Momentum: RSI at 50 shows a neutral trend, with the 50-day EMA at $1.26473 providing nearby support.

The GBP/USD pair is trading at $1.2692, showing cautious consolidation near the pivot point at $1.26758. The pair reflects indecision, with price movement closely aligned to key technical levels.

Immediate resistance stands at $1.27486, followed by $1.28086 and $1.28575. A breakout above $1.27486 could attract further bullish momentum, supported by the 50-day EMA at $1.26473, which reinforces underlying support.

On the downside, immediate support is identified at $1.26175, with further critical levels at $1.25669 and $1.25072. The Relative Strength Index (RSI) is neutral at 50, indicating a balance between bullish and bearish forces. A sustained move below $1.26758 could drive prices toward $1.26175 and signal a broader bearish sentiment.

While the broader trend remains uncertain, the pair's proximity to its pivot point suggests a critical juncture. Bulls must reclaim $1.27486 for a potential rally, while failure to hold above $1.26758 may lead to downside risks.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.26751

Take Profit – 1.27479

Stop Loss – 1.26377

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$728/ -$374

Profit & Loss Per Mini Lot = +$72/ -$37

Daily Price Outlook

- Resistance Levels: $1.05657 (pivot), $1.05973, $1.06321.

- Support Levels: $1.04983, $1.04690, $1.04332.

- Momentum: RSI at 40 signals bearish momentum; the 50-day EMA at $1.05339 adds to overhead resistance.

The EUR/USD pair is trading at $1.05217, down 0.50%, reflecting sustained bearish momentum. The currency pair remains below its critical pivot point at $1.05657, signaling continued downside pressure.

Immediate resistance is seen at $1.05973, with further hurdles at $1.06321. These levels are pivotal, as a breakout above $1.05973 could signal a reversal of the bearish trend. However, the 50-day EMA at $1.05339 reinforces near-term resistance, limiting upward potential.

On the downside, immediate support rests at $1.04983, followed by deeper levels at $1.04690 and $1.04332. The RSI at 40 indicates bearish sentiment, though it is not yet in oversold territory, leaving room for further declines.

A sustained break below $1.04983 could accelerate selling pressure, targeting the $1.04690 support level, while failure to breach resistance suggests continued consolidation within the current range.

The broader technical outlook remains bearish as long as EUR/USD trades below $1.05657. Traders should monitor key support levels to gauge the extent of downside risk.

A decisive move above the pivot point could shift sentiment and attract bullish interest, but caution is warranted given the current downward trend.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.05297

Take Profit – 1.04988

Stop Loss – 1.05530

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$309/ -$233

Profit & Loss Per Mini Lot = +$30/ -$23

Daily Price Outlook

- Resistance Levels: $2,655.31, $2,669.37, $2,686.59.

- Support Levels: $2,624.17, $2,604.95, $2,590.40.

- Momentum: RSI at 38 suggests bearish momentum, with the 50-day EMA adding resistance near $2,639.84.

Gold (XAU/USD) continues its downward trajectory, trading at $2,625.41, down 0.92% on the day. The metal struggles to regain its footing as bearish sentiment dominates, with the price hovering below the critical pivot point at $2,645.48.

Immediate resistance is located at $2,655.31, with further hurdles at $2,669.37 and $2,686.59. A breakout above these levels could signal a short-term recovery; however, the 50-day EMA at $2,639.84 reinforces resistance, adding to the downward pressure.

On the downside, immediate support rests at $2,624.17, followed by deeper levels at $2,604.95 and $2,590.40. A sustained break below $2,624.17 could lead to further declines, targeting the next critical support at $2,590.40. The RSI at 38 reflects bearish momentum, signaling oversold conditions but with room for additional downside unless buyers step in.

The broader outlook remains cautious, as gold’s inability to reclaim the pivot point indicates ongoing bearish sentiment. Traders should watch for a decisive move above $2,645 to confirm bullish potential. Otherwise, failure to hold above immediate support could invite additional selling pressure.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2625

Take Profit – 2645

Stop Loss – 2610

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2000/ -$1500

Profit & Loss Per Mini Lot = +$200/ -$150

Daily Price Outlook

- Support Levels: Immediate at $5,965, with key zones at $5,923 and $5,887.

- Resistance Levels: Critical hurdles at $6,055, $6,085, and $6,120 for bullish continuation.

- Trend Indicators: RSI at 60 supports caution; 50 EMA at $5,954 highlights pivotal support

The S&P 500 Index (SPX) is trading at $5,998.73, down 0.38%, as bearish momentum intensifies following a break below the $6,015 pivot point. Immediate support lies at $5,965, with deeper cushions at $5,923 and $5,887.

These levels are critical for traders monitoring potential downside risks. The 50-day EMA at $5,954.14 aligns closely with the next support zone, reinforcing its significance.

On the upside, immediate resistance is marked at $6,055, with higher targets at $6,085 and $6,120. A move above $6,055 is necessary to shift sentiment and reestablish bullish momentum.

The RSI stands at 60, reflecting moderately bullish conditions despite the recent dip, but sustained selling pressure could drive the index toward oversold levels.

The broader trend suggests a cautious outlook as SPX remains under its pivot. A sell entry below $6,014 with a target of $5,964 aligns with current technical patterns, while a stop-loss above $6,053 ensures risk management.

Traders should watch for a break of $6,015 to confirm further bearish moves or a recovery above this level for potential reversals.

S&P 500 - Trade Ideas

Entry Price – Sell Below 6014

Take Profit – 5964

Stop Loss – 6053

Risk to Reward – 1: 1.2

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

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

Daily Price Outlook

- Resistance Levels: Key hurdles at $1.06071, $1.06457, and $1.06811 for sustained bullish momentum.

- Support Levels: Immediate at $1.05269, followed by $1.04983 and $1.04597.

- Trend Indicators: RSI at 61 supports a bullish bias, while the 50-day EMA at $1.05161 bolsters dynamic support.

EUR/USD is trading at $1.05697, up 0.17% for the session, as the pair shows signs of sustained bullish momentum above the $1.05590 pivot point. Immediate resistance is positioned at $1.06071, aligning with the next key target of $1.06457.

A breakout above these levels could drive further gains toward $1.06811, signaling continued optimism in the euro.

On the downside, immediate support rests at $1.05269, followed by $1.04983 and $1.04597, with the 50-day EMA at $1.05161 providing dynamic support to the pair. A breach below these levels could shift the sentiment bearish, with increased selling pressure likely if $1.04983 fails to hold.

The RSI stands at 61, indicating moderate bullish momentum without nearing overbought territory, which leaves room for additional upside. The price action suggests a favorable outlook for buyers if the pair sustains its position above $1.05590.

Traders may look to enter long positions above $1.05583, targeting $1.06070, while maintaining a stop-loss at $1.05210 for prudent risk management.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.05583

Take Profit – 1.06070

Stop Loss – 1.05210

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$487/ -$373

Profit & Loss Per Mini Lot = +$48/ -$37

Daily Price Outlook

- Resistance Levels: Immediate at $2,669.37; higher targets at $2,686.49 and $2,701.56.

- Support Levels: Strong support at $2,635.82, followed by $2,624.17.

- Trend Indicators: RSI at 57 and 50 EMA at $2,650.33 confirm bullish momentum.

Gold (XAU/USD) is trading at $2,660.84, up 0.88% in today’s session as the metal regains momentum above its key pivot point at $2,655.33. Supported by the 50-day EMA at $2,650.33, this level is critical for maintaining the bullish outlook.

Immediate resistance is positioned at $2,669.37, followed by higher hurdles at $2,686.49 and $2,701.56. A decisive break above these levels could signal an acceleration in the uptrend.

On the downside, key support is located at $2,635.82, with additional cushions at $2,624.17 and $2,605.31. Failure to hold these levels could lead to a deeper retracement, although strong buying interest near $2,624.17 may limit downside risks.

The RSI stands at 57, reflecting moderate bullish momentum without entering overbought territory. This leaves room for further gains if buyers maintain control. Gold's movement above the $2,655.33 pivot point confirms a bullish bias, supported by strong technical structure.

For traders, buying opportunities above $2,655 could target $2,685 in the short term, with a stop-loss set near $2,637 to manage risks. Watch for a breakout above $2,669.37 for signs of stronger upward momentum.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2655

Take Profit – 2685

Stop Loss – 2637

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$3000/ -$1800

Profit & Loss Per Mini Lot = +$300/ -$180

Daily Price Outlook

- Critical Pivot: USD/JPY must break above 153.418 to confirm bullish momentum toward 155.029.

- Support Levels: Immediate support at 150.438; a break below targets 149.105.

- Technical Indicators: RSI at 33 signals potential oversold conditions, while 50-day EMA at 153.927 caps gains.

USD/JPY is trading at 151.532, up 0.32%, as buyers maintain momentum following recent gains. The 4-hour chart shows immediate resistance at 155.029, with higher targets at 156.740.

A critical pivot point at 153.418 marks the threshold for a potential bullish extension. The 50-day EMA at 153.927 reinforces this resistance zone, suggesting that a sustained break above this level could open the door to further gains.

On the downside, immediate support is located at 150.438, followed by deeper levels at 149.105 and 147.816. The RSI at 33 suggests the pair is nearing oversold conditions, which may limit downside potential in the near term.

However, if USD/JPY falls below 152.105, bearish momentum could accelerate, targeting the support at 150.418.

Traders should remain cautious around the current levels. A sell position below 152.105 could offer opportunities with a take-profit target at 150.418 and a stop-loss at 153.421.

Conversely, a decisive break above the pivot at 153.418 would signal renewed bullish interest, pushing toward 155.029 and beyond.

USD/JPY - Trade Ideas

Entry Price – Sell Below 152.105

Take Profit – 150.418

Stop Loss – 153.421

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$1687/ -$1316

Profit & Loss Per Mini Lot = +$168/ -$131

Daily Price Outlook

- Critical Pivot: Gold remains below $2,633.90; a breakout above $2,636.56 is needed to regain bullish momentum.

- Resistance Levels: Immediate resistance at $2,646.32, reinforced by the 50-day EMA at $2,653.22.

- Support Levels: Key support at $2,625.31; break below $2,615 may trigger deeper declines to $2,590.

Gold (XAU/USD) is trading at $2,632.48, down 0.14%, as bearish momentum continues to weigh on prices below the $2,633.90 pivot point. The 4-hour chart indicates a cautious market, with immediate resistance at $2,646.32, followed by $2,655.97.

The 50-day EMA at $2,653.22 reinforces this resistance zone, making it a critical barrier for any recovery. A breakout above these levels could pave the way toward bullish momentum, targeting $2,663 and beyond.

On the downside, immediate support is observed at $2,625.31, with further declines pointing to $2,590.17 and $2,576.56. The RSI at 45 reflects mild bearish sentiment, though it has yet to reach oversold conditions, leaving room for further downside pressure.

The current setup suggests that gold’s near-term trajectory hinges on a decisive move above $2,636.56 or below $2,624. A break above the pivot could trigger buying momentum, targeting $2,653, while a sustained drop below $2,615 would likely accelerate selling pressure.

Traders should monitor these key levels closely. The recommended strategy includes buying above $2,624 with a take-profit target at $2,653 and a stop-loss at $2,615 to manage downside risks effectively.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2624

Take Profit – 2653

Stop Loss – 2615

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$527/ -$316

Profit & Loss Per Mini Lot = +$52/ -$31

Daily Price Outlook

- Critical Pivot: AUD/USD remains bearish below $0.65014; a break above $0.65456 is required for a bullish reversal.

- Resistance Levels: Immediate resistance at $0.65918, with stronger barriers near $0.66399.

- Support Levels: Key support at $0.64497; a breach below $0.64154 could accelerate selling pressure.

AUD/USD is trading at $0.64824, down 0.21%, as bearish sentiment continues to dominate below the $0.65014 pivot point. The 4-hour chart indicates immediate resistance at $0.65918, with additional barriers at $0.66399.

The 50-day EMA at $0.64987 reinforces short-term resistance, limiting upward momentum. A breakout above $0.65456, the key pivot level, would be required to shift the bias toward bullish territory, potentially targeting $0.65918 and beyond.

On the downside, immediate support is found at $0.64497, with further declines targeting $0.64154 and $0.63763. The RSI at 48 suggests a neutral stance, leaning slightly bearish, with no immediate oversold signals. However, continued pressure below the pivot could drive the pair toward lower support zones.

Current trends suggest sellers remain in control, especially if the price sustains below $0.65052. Traders are advised to consider selling below this level, with a take-profit target at $0.64488 and a stop-loss at $0.65504 to manage risk.

The short-term outlook hinges on whether AUD/USD can break above the $0.65456 pivot.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.65052

Take Profit – 0.64488

Stop Loss – 0.65504

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$564/ -$452

Profit & Loss Per Mini Lot = +$56/ -$45