Daily Price Outlook

- Key Resistance: $2,943; Breakout could push gold toward $2,959.

- Key Support: $2,898; A drop below may trigger increased selling.

- Outlook: Bullish above $2,923, with profit target set at $2,942.

Gold (XAU/USD) is trading at $2,932.09, up 0.01% as it maintains its bullish momentum amid persistent inflation concerns and ongoing tariff-related market anxiety.

The metal remains supported above its pivot point of $2,923.29, indicating continued investor interest in safe-haven assets.

Technically, gold is trading comfortably above the 50-day EMA, which sits at $2,907.75. This suggests the bullish trend remains intact, with the next immediate resistance at $2,943.27.

A break above this level could propel gold toward $2,959.89 and potentially $2,975.66 if the upward momentum strengthens.

On the downside, immediate support lies at $2,898.08, followed by $2,879.70 and $2,864.94. A dip below the $2,898 level might trigger profit-taking and shift sentiment to the downside.

The Relative Strength Index (RSI) remains near neutral, signaling balanced market sentiment with room for potential upside if buying pressure increases.

Fundamentally, gold continues to benefit from a weaker U.S. dollar and elevated inflation figures, as the latest PPI data showed a 3.5% year-over-year rise, exceeding market expectations.

The Federal Reserve's cautious approach toward rate cuts further supports gold’s appeal, particularly as uncertainty surrounding new tariff measures persists.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2923

Take Profit – 2942

Stop Loss – 2904

Risk to Reward – 1:1

Profit & Loss Per Standard Lot = +$1900/ -$1900

Profit & Loss Per Mini Lot = +$190/ -$190

Daily Price Outlook

- AUD/USD remains bullish above $0.62860, with $0.63149 as the next key resistance.

- 50-day EMA at $0.62845 supports the uptrend, keeping buyers in control.

- Break above $0.63149 may push the pair toward $0.63357, while a drop below $0.62665 could signal renewed selling pressure.

The AUD/USD pair is trading at $0.62926, hovering above its pivot point of $0.62860. The pair is attempting to sustain its modest upside momentum, supported by the 50-day EMA at $0.62845, which reinforces near-term bullish sentiment.

On the upside, immediate resistance stands at $0.63149, with a breakout paving the way for a move towards $0.63357 and potentially $0.63568 if buyers maintain control. A sustained rally above these levels would indicate growing strength in the Australian dollar, driven by risk appetite and a softening U.S. dollar.

Conversely, immediate support is located at $0.62665, followed by $0.62438 and $0.62214. A decisive drop below these levels would expose AUD/USD to further losses, increasing the likelihood of a bearish reversal.

The preferred entry strategy is to buy above $0.62863, targeting $0.63253 as a take-profit level, while stop-loss is set at $0.62662 to manage downside risk.

Overall, the pair remains bullish above $0.62860, with a break above $0.63149 likely to confirm a stronger uptrend. However, traders should monitor price action closely, as a failure to hold above support levels could shift sentiment in favor of the bears.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62863

Take Profit – 0.63253

Stop Loss – 0.62662

Risk to Reward – 1:1.9

Profit & Loss Per Standard Lot = +$390/ -$201

Profit & Loss Per Mini Lot = +$39/ -$20

Daily Price Outlook

- USD/JPY remains bearish below 154.20, with 153.74 as immediate support.

- 50-day EMA at 153.35 is a critical level; a break below could accelerate selling pressure.

- Resistance at 154.80 must be cleared for a bullish reversal, but downside risks remain dominant.

The USD/JPY pair is trading at 154.05, showing signs of weakness as it struggles to hold above its pivot point at 154.20. A failure to maintain this level suggests bearish momentum could intensify, with immediate support at 153.74.

A break below this threshold could expose the pair to deeper declines toward 153.27 and 152.77, reinforcing the case for a potential downside move.

On the upside, resistance is forming at 154.80, with further hurdles at 155.24 and 155.86. A push above these levels could reignite bullish sentiment, paving the way for renewed buying interest. However, current price action suggests selling pressure is capping gains, limiting any immediate recovery attempts.

The 50-day EMA at 153.35 serves as a key indicator to watch. If USD/JPY drops below this mark, it could confirm further downside potential, triggering additional selling pressure.

Conversely, a sustained move above the pivot at 154.20 may shift momentum in favor of buyers, though a decisive break above 154.80 would be required to confirm an uptrend.

Traders looking to capitalize on this setup may consider selling below 154.18, with a take-profit target at 153.50 and a stop-loss set at 154.78 to manage risk effectively. While short-term volatility remains, overall sentiment leans bearish unless buyers reclaim key resistance levels.

USD/JPY - Trade Ideas

Entry Price – Sell Below 154.189

Take Profit – 153.501

Stop Loss – 154.788

Risk to Reward – 1:1.5

Profit & Loss Per Standard Lot = +$688/ -$599

Profit & Loss Per Mini Lot = +$68/ -$59

Daily Price Outlook

- Gold remains bearish below $2922.88, with $2898.08 as key support and $2943.27 as the next major resistance.

- 50-day EMA at $2900.68 acts as a crucial pivot for near-term price action.

- Break below $2898.08 could accelerate selling toward $2879.70, while a breakout above $2943.27 may trigger bullish momentum.

Gold (XAU/USD) is trading at $2917.37, showing slight downside pressure as it hovers just below its pivot point of $2922.88. The 50-day EMA at $2900.68 provides a crucial support level, reinforcing near-term stability. However, the bearish sentiment remains intact as long as gold stays below the pivot.

On the upside, immediate resistance stands at $2943.27, with a breakout potentially pushing gold towards $2959.89 and ultimately $2975.96. However, recent price action suggests that buyers are struggling to gain control, making a sustained move above these levels uncertain.

On the downside, immediate support is set at $2898.08, followed by $2879.70 and $2864.94. A break below these levels could accelerate selling momentum, with traders eyeing the next key levels for potential entry points.

The entry strategy favors selling below $2922, targeting $2900 as a take-profit level, while stop-loss is set at $2935 to manage risk. The overall trend suggests cautious bearish sentiment, with gold needing a decisive breakout above resistance levels to shift momentum back in favor of buyers.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2922

Take Profit – 2900

Stop Loss – 2935

Risk to Reward – 1:1.6

Profit & Loss Per Standard Lot = +$2200/ -$1300

Profit & Loss Per Mini Lot = +$220/ -$130

Daily Price Outlook

- Gold trades below $2,898.48 pivot; bearish bias prevails.

- Immediate resistance at $2,943.27, with a breakout needed for further gains.

- Support at $2,862.33—break below could extend losses to $2,833.82.

Gold (XAU/USD) is experiencing downward pressure, trading at $2,886.14, slipping 0.01% as the stronger U.S. dollar and hawkish Federal Reserve outlook weigh on sentiment. The metal remains below its pivot point at $2,898.48, signaling a potential continuation of bearish momentum.

On the technical front, the 50-day EMA at $2,854.23 is acting as a key support level, while immediate resistance stands at $2,943.27. A break above this level could trigger further upside towards $2,966.54, with an extended rally possible up to $2,990.75. However, the current structure suggests a lower probability of a breakout as long as the dollar remains strong.

Downside risks persist, with $2,862.33 serving as immediate support. A break below this level could accelerate selling pressure, exposing $2,833.82 and potentially deeper support at $2,806.78. Given the setup, traders may consider short positions below $2,898, targeting $2,862, with a stop loss at $2,920 to manage risk.

Gold’s near-term trend will likely be dictated by upcoming U.S. economic data, particularly inflation figures and any shifts in Federal Reserve rate expectations. If inflation softens, gold could regain ground; however, persistently high inflation may reinforce the dollar’s strength, limiting gold’s upside potential.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2898

Take Profit – 2862

Stop Loss – 2920

Risk to Reward – 1:1.6

Profit & Loss Per Standard Lot = +$3600/ -$2200

Profit & Loss Per Mini Lot = +$360/ -$220

Daily Price Outlook

- GBP/USD remains bearish below the $1.24525 pivot level.

- Immediate resistance at $1.24911; breakout needed for bullish reversal.

- Support at $1.23972; a break below could extend losses toward $1.23340.

GBP/USD is trading at $1.24440, struggling to hold ground as bearish sentiment prevails. The pair has dipped below its pivot point at $1.24525, signaling potential downside movement.

The strength of the U.S. dollar, driven by the Federal Reserve’s hawkish outlook and resilient economic data, continues to weigh on the British pound.

From a technical perspective, the 50-day EMA at $1.24194 is providing dynamic support, but if breached, it could accelerate losses. Immediate resistance is seen at $1.24911, and a break above this level may push GBP/USD toward the next targets at $1.25420 and $1.25987. However, with sellers maintaining control, any short-term gains could be met with resistance.

On the downside, $1.23972 is the first key support level. A sustained move below this level could deepen losses toward $1.23340, with the next major support resting at $1.22743.

Given the current trend, traders may consider sell positions below $1.24521, aiming for a take profit at $1.23843 while placing a stop loss at $1.24913 to manage risk.

Looking ahead, traders will monitor upcoming U.S. inflation figures which may further influence market sentiment, determining whether the dollar continues its dominance or retreats, giving GBP/USD a potential lift.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.24521

Take Profit – 1.23843

Stop Loss – 1.24913

Risk to Reward – 1:1.7

Profit & Loss Per Standard Lot = +$678/ -$392

Profit & Loss Per Mini Lot = +$67/ -$39

Daily Price Outlook

- EUR/USD remains bearish below the $1.03670 pivot level.

- Immediate resistance at $1.04093; breakout needed for bullish momentum.

- Support at $1.02997; break below could accelerate losses toward $1.02551.

EUR/USD is hovering around $1.03581, showing slight weakness as the U.S. dollar maintains its strength. The pair has slipped below its pivot point at $1.03670, reinforcing a short-term bearish bias.

Persistent concerns over Federal Reserve policy tightening and resilient U.S. economic data have kept pressure on the euro, limiting its upside potential.

On the technical side, the 50-day EMA at $1.03465 is acting as a dynamic support level. Immediate resistance stands at $1.04093, with a breakout above this level potentially opening the door to further gains toward $1.04497 and $1.04922. However, the current trend suggests that buyers remain cautious amid macroeconomic uncertainty.

Downside risks are evident, with $1.02997 serving as the first major support level. A sustained break below this level could accelerate losses toward $1.02551, followed by a deeper decline toward $1.02135.

Given the technical setup, traders may look for sell positions below $1.03674, targeting $1.03007, while maintaining a stop loss at $1.04115.

Looking ahead, market participants will be closely watching U.S. inflation data and any Federal Reserve commentary for signals on future rate policy.

A softer inflation reading could weaken the dollar and support the euro, while persistent inflationary pressures may reinforce the Fed’s hawkish stance, keeping EUR/USD under pressure.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.03674

Take Profit – 1.03007

Stop Loss – 1.04115

Risk to Reward – 1:1.5

Profit & Loss Per Standard Lot = +$667/ -$441

Profit & Loss Per Mini Lot = +$66/ -$44

Daily Price Outlook

- AUD/USD holds above $0.62606 pivot, struggling for directional momentum.

- Break above $0.63014 may trigger upside towards $0.63303 and beyond.

- Drop below $0.62322 could accelerate selling pressure toward $0.62043.

The Australian Dollar (AUD/USD) is facing downward pressure, trading at $0.62745, down 0.01% over the last 24 hours. The pair remains near its pivot point at $0.62606, struggling to find directional momentum as market participants assess broader macroeconomic trends and U.S. dollar strength.

From a technical standpoint, immediate resistance is located at $0.63014, followed by $0.63303 and $0.63612. A break above $0.63014 could spark further upside, especially if buying pressure builds above the 50-day EMA at $0.62422. A decisive close above $0.63303 would indicate a shift toward bullish sentiment, paving the way for a recovery.

On the downside, immediate support sits at $0.62322, with additional cushions at $0.62043 and $0.61711. A drop below $0.62322 may trigger increased selling pressure, potentially pushing AUD/USD toward the lower supports. If the pair breaks below $0.62043, it could signal a deeper correction.

Traders should watch for a break above $0.63014 to confirm bullish sentiment. However, failure to hold above $0.62606 could shift momentum back in favor of sellers, leading to a potential test of lower support levels.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62605

Take Profit – 0.63013

Stop Loss – 0.62315

Risk to Reward – 1:1.4

Profit & Loss Per Standard Lot = +$408/ -$290

Profit & Loss Per Mini Lot = +$40/ -$29

Daily Price Outlook

- USD/CAD remains bullish above $1.42750, eyeing resistance at $1.43803 and $1.44394.

- Break above the 50-day EMA at $1.43988 could confirm further upside potential.

- Support at $1.42193 remains key—failure to hold could trigger a deeper pullback.

USD/CAD is currently trading at $1.43342, marking a slight 0.01% gain, as the pair navigates a critical price zone. The currency pair remains under bullish pressure, reflecting strength in the U.S. dollar against the Canadian dollar, amid fluctuating commodity prices and macroeconomic data.

From a technical standpoint, USD/CAD is positioned above its pivot point at $1.42750, indicating the potential for further upside. If buyers maintain control, the pair could test immediate resistance at $1.43803. A breakout above this level could open the door toward $1.44394, with an extended rally targeting $1.45029, a level that has previously acted as a significant supply zone.

Conversely, key support levels are situated at $1.42193, followed by $1.41602. A drop below these levels could shift momentum in favor of sellers, with a potential move toward $1.40984, where buyers are likely to step in.

Moving averages suggest a mixed outlook. The 50-day EMA at $1.43988 remains above the current price, indicating short-term resistance. A sustained break above this level would reinforce bullish sentiment, while rejection at this zone could trigger a pullback.

Traders should monitor USD/CAD’s reaction near $1.43803. A strong close above this level could confirm further upside, while a failure to breach resistance may lead to consolidation or retracement toward lower support.

USD/CAD - Trade Ideas

Entry Price – Buy Above 1.42743

Take Profit – 1.43802

Stop Loss – 1.42176

Risk to Reward – 1:1.8

Profit & Loss Per Standard Lot = +$1059/ -$567

Profit & Loss Per Mini Lot = +$105/ -$56

Daily Price Outlook

- Gold’s key pivot level at $2,906.72 will determine its next directional move.

- Breakout above $2,943.27 could trigger further upside toward $2,966.54 and $2,990.75.

- Support at $2,882.03 and $2,859.72 remains crucial; a drop below could signal further weakness.

Gold (XAU/USD) is currently trading at $2,866.29, down 0.02%, as investors assess the metal’s resilience amid shifting macroeconomic conditions. The precious metal remains in a consolidation phase, hovering near key support levels while facing resistance from recent highs.

From a technical perspective, gold’s pivot point at $2,906.72 serves as a crucial inflection level. A break above this level could reinforce bullish sentiment, leading to an upward push toward immediate resistance at $2,943.27. If momentum continues, gold could challenge $2,966.54, with a potential test of $2,990.75, marking a significant hurdle for further gains.

On the downside, immediate support sits at $2,882.03, followed by $2,859.72 and $2,833.82. A drop below $2,859.72 would signal a deeper correction, potentially exposing gold to a retest of the 50-day EMA at $2,839.99. A sustained breakdown under $2,833.82 could trigger additional selling pressure, shifting sentiment in favor of bears.

Traders should closely monitor gold’s reaction near the $2,906.72 pivot. A sustained break above this level favors continued gains, while a rejection could lead to further downside.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2914

Take Profit – 2943

Stop Loss – 2891

Risk to Reward – 1:1.2

Profit & Loss Per Standard Lot = +$2900/ -$2300

Profit & Loss Per Mini Lot = +$290/ -$230