Daily Price Outlook

- Pivot point at $1.26157: A decisive break higher could lead to $1.26476.

- Support at $1.25363: A breach here may drive a move toward $1.24874.

- RSI at 52: Neutral territory, signaling consolidation with potential for breakout.

GBP/USD is trading at $1.25792, up 0.09%, reflecting cautious optimism amid mixed technical signals. On the 4-hour chart, the pair remains above its 50 EMA at $1.25722, suggesting moderate support for current levels.

The pivot point at $1.26157 is a critical barrier; a sustained move above this level could target immediate resistance at $1.26476, followed by $1.26747.

On the downside, immediate support lies at $1.25363, with further levels at $1.25112 and $1.24874. A break below $1.25363 would likely shift momentum toward bearish territory, exposing the pair to declines toward $1.24874 or lower.

Technical indicators paint a neutral-to-slightly-bullish picture. The RSI stands at 52, indicating consolidation near the midpoint of the range. While not overbought, the pair lacks significant upward momentum, keeping price action restrained.

The outlook hinges on the pivot point at $1.26157. A breakout above this key level would affirm bullish sentiment and open the door for a move toward $1.26476 and beyond.

Conversely, failure to hold above the 50 EMA at $1.25722 or a decisive break below $1.25363 could prompt sellers to regain control, leading to short-term bearish pressure.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.25792

Take Profit – 1.25337

Stop Loss – 1.26107

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$455/ -$315

Profit & Loss Per Mini Lot = +$315/ -$31

Daily Price Outlook

- Pivot Point at $1.05203: A key barrier; breakout needed to target $1.05625.

- Support at $1.04378: A breach may accelerate declines to $1.03854.

- RSI at 49: Neutral, with potential for oversold bounce or further bearish action.

EUR/USD is trading at $1.04850, down 0.03%, as the pair struggles to hold above key technical levels. On the 4-hour chart, the pivot point at $1.05203 serves as a significant hurdle, with immediate resistance at $1.05625 and further resistance at $1.06071.

A break above these levels could indicate a reversal of the recent bearish sentiment and open the door for further gains.

On the downside, immediate support lies at $1.04378, with additional levels at $1.03854 and $1.03489. The pair is currently hovering near its 50 EMA, which sits at $1.04776. This level is providing short-term support, but a sustained break below it could reinforce bearish momentum.

The RSI is at 49, reflecting a neutral bias but leaning slightly toward oversold territory. This suggests that while the pair is under pressure, it may find temporary relief if buyers step in near current support levels.

The outlook for EUR/USD depends heavily on its ability to regain traction above the $1.05203 pivot point. A failure to break this level could see the pair retest support at $1.04378, potentially triggering further declines. Conversely, a move above $1.05625 would indicate bullish momentum, shifting the focus toward higher resistance levels.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.04893

Take Profit – 1.04366

Stop Loss – 1.05209

Risk to Reward – 1: 1.6

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

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

Daily Price Outlook

- Immediate resistance at $2,646.32: A breakout could target $2,655.97 and beyond.

- Support at $2,624.72: Failure to hold above this level may lead to a bearish reversal.

- RSI at 48: Indicates consolidation, with potential for breakout or pullback depending on market catalysts.

Gold (XAU/USD) is trading at $2,644.20, up 0.43%, as the metal continues its rebound from recent lows. On the 4-hour chart, the price is firmly positioned above the pivot point at $2,636.43, reflecting a cautiously bullish sentiment.

Immediate resistance lies at $2,646.32, closely aligned with recent highs, while further resistance is seen at $2,655.97. A decisive breakout above these levels could pave the way for an extended rally toward $2,665.

On the downside, immediate support is at $2,624.72, with secondary levels at $2,590.15 and $2,576.56. A break below the pivot point could expose gold to bearish momentum, testing the $2,600 mark and possibly lower levels.

Technical indicators point to a neutral to slightly bullish bias. The RSI currently stands at 48, signaling consolidation with room for either a breakout or a pullback depending on upcoming catalysts. Traders are closely watching inflation data and Federal Reserve commentary for cues.

The overall technical picture suggests that gold’s ability to sustain above the pivot point at $2,636.43 is critical for maintaining upward momentum. However, strong resistance at $2,646.32 could limit gains unless fresh drivers emerge.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2635

Take Profit – 2655

Stop Loss – 2625

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$2000/ -$1000

Profit & Loss Per Mini Lot = +$200/ -$100

Daily Price Outlook

- Bullish Momentum: USD/CAD climbs above the pivot point at $1.41776, signaling upside potential.

- Resistance Levels: Immediate resistance at $1.42147, with the next target at $1.42513.

- Overbought Risk: RSI at 67 hints at possible short-term corrections.

USD/CAD is trading at $1.41054, up 0.86%, as the pair continues to build on bullish momentum, testing key resistance near $1.41191. The pair remains above its pivot point at $1.41776, signaling the potential for further upside if buyers sustain control. Immediate resistance is located at $1.42147, with additional barriers at $1.42513.

On the downside, immediate support lies at $1.40828, followed by stronger levels at $1.40531 and $1.40242, where buyers may look to re-enter if the pair retraces. The 50-day EMA, currently at $1.39861, serves as a dynamic support, reinforcing the upward trajectory.

The RSI at 67 suggests the pair is nearing overbought territory, which could trigger profit-taking in the short term. A break below $1.41198 may expose USD/CAD to a corrective pullback toward the $1.40531 support. Conversely, a sustained break above $1.41776 could pave the way for a rally toward $1.42147 and beyond.

USD/CAD - Trade Ideas

Entry Price – Sell Below 1.41198

Take Profit – 1.40531

Stop Loss – 1.41698

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$667/ -$500

Profit & Loss Per Mini Lot = +$66/ -$50

Daily Price Outlook

- Bearish Sentiment: RSI at 36 indicates oversold conditions, yet recovery is limited.

- Critical Levels: Support at $2,605.31 and resistance at $2,647.56 dictate near-term direction.

- Trend Outlook: Below $2,632, the bearish trend is expected to extend toward $2,594.

Gold (XAU/USD) is trading at $2,623.21, down 0.09%, as it consolidates below the critical pivot point at $2,631.72. Technical indicators suggest that bearish momentum dominates, with immediate support at $2,605.31. A break below this level could expose gold to deeper supports at $2,582.37 and $2,561.16.

On the upside, resistance levels lie at $2,647.56, the 50-day EMA at $2,663.32, and further at $2,687.93. These levels present formidable challenges, especially as gold remains weighed down by a weaker Relative Strength Index (RSI) reading of 36, which reflects oversold conditions but insufficient buying pressure to trigger a recovery.

The bearish outlook is further supported by the alignment of the 50-day EMA as a dynamic resistance level, capping upward moves. Gold traders are focusing on the potential for a break below $2,631.72, which could trigger a sell-off toward the next significant target at $2,594. Conversely, a reversal above the pivot and sustained trading above $2,647.56 would be necessary to challenge the next resistance zones.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2632

Take Profit – 2594

Stop Loss – 2653

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$3800/ -$2100

Profit & Loss Per Mini Lot = +$380/ -$210

Daily Price Outlook

- Bearish Outlook: Trading below the pivot point $0.65456 reinforces downside risks.

- Support Levels: Immediate support at $0.64497, with deeper targets at $0.64154.

- Trend Resistance: The 50-day EMA at $0.65068 caps recovery attempts.

The AUD/USD pair is trading at $0.64901, down 0.20%, as bearish sentiment persists below the pivot point at $0.65456. Price action remains constrained under the 50-day EMA, currently at $0.65068, which reinforces the downside bias.

Immediate support is located at $0.64497, with further levels seen at $0.64154 and $0.63763, suggesting potential for further declines if selling pressure intensifies.

On the upside, resistance lies at $0.65918 and $0.66399, which align with key technical levels that could limit recovery attempts. The RSI at 45 reflects neutral-to-bearish momentum, signaling that sellers remain in control, but the pair is not yet oversold.

The bearish trend appears intact, with traders eyeing a possible break below $0.65014. A sustained move below this level could open the door toward the next target of $0.64488, while the 50-day EMA continues to act as a dynamic resistance level.

Conversely, a recovery above the pivot at $0.65456 would be required to negate the bearish outlook and aim for the higher resistance at $0.65918.

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

Daily Price Outlook

- Resistance Levels: $1.26738, $1.27143.

- Support Levels: $1.25673, $1.25394, $1.25019.

- Momentum Indicators: RSI at 59 signals a bullish outlook with further upside potential.

GBP/USD is trading at $1.25917, up 0.52%, reflecting a positive tone amid risk-on sentiment. The pair is holding above the pivot point at $1.26373, signaling potential for continued bullish momentum. Immediate resistance is seen at $1.26738, with further targets at $1.27143. However, failure to break higher could lead to consolidation or a pullback toward the pivot.

On the downside, immediate support is located at $1.25673, with key levels at $1.25394 and $1.25019 offering additional safety nets. The 50 EMA at $1.25830 reinforces the bullish structure, providing dynamic support and signaling strong upward momentum.

The RSI at 59 indicates bullish sentiment, suggesting room for further upside. Traders are eyeing an entry below $1.26040 for potential short positions, targeting $1.25552, with a stop loss at $1.26272 to manage risk.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.26040

Take Profit – 1.25552

Stop Loss – 1.26272

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$488/ -$232

Profit & Loss Per Mini Lot = +$48/ -$23

Daily Price Outlook

- Resistance Levels: $2,689.52, $2,705.99, $2,720.66.

- Support Levels: $2,653.49, $2,634.96, $2,619.00.

- Momentum Indicators: RSI at 34 indicates oversold conditions, signaling potential for a short-term recovery.

Gold prices (XAU/USD) have dropped 1.78%, trading at $2,668.50, as risk-on sentiment pressures the safe-haven asset. Gold is testing immediate support near $2,653.49, with stronger levels at $2,634.96 and $2,619.00 if selling momentum persists. The pivot point at $2,673.85 is acting as a key threshold for short-term price direction.

The 50 EMA at $2,683.28 currently serves as dynamic resistance, aligning with a broader bearish trend. Immediate resistance is at $2,689.52, with further hurdles at $2,705.99 and $2,720.66 if gold attempts a rebound. However, the RSI at 34 signals oversold conditions, suggesting a potential pause in bearish momentum.

A sustained break below $2,653.49 could open the door to further declines toward $2,634.96. Conversely, failure to break support may trigger a short-term bounce, targeting the $2,689.52 pivot point or higher. Traders should watch these levels closely, with $2,674 being the entry point for a sell position, targeting $2,654 with a stop loss at $2,685.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2674

Take Profit – 2654

Stop Loss – 2685

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$2000/ -$1100

Profit & Loss Per Mini Lot = +$200/ -$110

Daily Price Outlook

- Resistance Levels: $1.04901, $1.05625, $1.06071.

- Support Levels: $1.03854, $1.03489.

- Momentum Indicators: RSI at 50 reflects neutral conditions, leaving room for further directional moves.

The EUR/USD pair is trading at $1.04778, down 0.61%, as the dollar strengthens amid broader risk-off sentiment. The pair is holding below the pivot point at $1.05203, signaling further bearish potential. Immediate resistance stands at $1.04901, with key levels at $1.05625 and $1.06071 likely to act as significant barriers if the euro attempts a rebound.

On the downside, immediate support is at $1.03854, followed by stronger levels at $1.03489. A decisive break below $1.03854 could expose EUR/USD to further declines, potentially testing the $1.03400 area. The 50 EMA at $1.05197 is adding to selling pressure, reinforcing the bearish structure.

The RSI at 50 indicates neutral momentum, providing room for further moves in either direction. Traders are closely watching the $1.04893 entry point for potential short positions, with a target of $1.04366 and a stop loss at $1.05209.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.04893

Take Profit – 1.04366

Stop Loss – 1.05209

Risk to Reward – 1: 1.6

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

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

Daily Price Outlook

- Pivot and Resistance: Holding above $5,987.87 targets $6,017.29 and $6,056.54 resistance levels.

- Support Levels: Immediate support at $5,926.35, with the 50-day EMA at $5,939.36 providing dynamic reinforcement.

- RSI Momentum: RSI at 57 signals room for further gains without reaching overbought territory.

The SPX index is trading at $5,948.70, up 0.53% on the day, as the market shows signs of sustained upward momentum. The immediate resistance at $6,017.29 is within reach, with additional targets at $6,056.54. On the downside, immediate support is at $5,926.35, followed by key levels at $5,838.15 and $5,808.52, forming a solid base for potential pullbacks.

The pivot point at $5,987.87 serves as a critical threshold for continued bullish momentum. A decisive move above this level could propel the index further into resistance territory, while a breach below would signal caution.

The RSI currently reads 57, suggesting neutral momentum with room for further upside without triggering overbought conditions.

The 50-day EMA, currently at $5,939.36, is providing dynamic support, reinforcing the index's underlying strength. Traders are advised to consider entry points above $5,925 with a target of $6,000 and a stop-loss at $5,882.

A breakout above $6,017.29 could drive the index toward $6,056.54, though short-term corrections remain possible if broader market sentiment shifts.

S&P 500 - Trade Ideas

Entry Price – Buy Above 5925

Take Profit – 6000

Stop Loss – 5882

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$750/ -$430

Profit & Loss Per Mini Lot = +$75/ -$43