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

- 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

- 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

- 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

Daily Price Outlook

- Price remains capped below the 50-period SMA and descending trendline.

- Support at $1.41024 is key for confirming further downside.

- Momentum favors bears unless $1.42204 is reclaimed with strength.

USD/CAD is trading at $1.41636, leaning bearish after failing to break above the $1.42204 resistance level. The pair continues to struggle under a descending trendline and the 50-period SMA at $1.42646, both of which cap upside momentum.

Price recently attempted a corrective move, but selling pressure resumed near $1.42200, suggesting bears remain in control. The setup shows potential for a deeper decline, particularly if price breaks and holds below $1.41600.

On the downside, key support is seen at $1.41024—just above the April low. A break beneath this level could open the door to $1.40308 and potentially $1.39619 in extension.

The RSI at 41.16 remains below the neutral 50 mark, indicating momentum is soft and still favors sellers. If price fails to reclaim $1.42204 and stays below the 50 SMA, a bearish continuation becomes increasingly likely.

Traders will want to see a sustained move under $1.41600 to confirm the breakout, ideally on increased volume and without immediate rejection. Until then, short-term price action remains vulnerable to minor retracements.

USD/CAD - Trade Ideas

Entry Price – Sell Below 1.42204

Take Profit – 1.41024

Stop Loss – 1.43052

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$1180/ -$848

Profit & Loss Per Mini Lot = +$118/ -$84

Daily Price Outlook

- Gold attempting to stabilize above $2,990 after a recent correction.

- Resistance at $3,034 is critical for further upside confirmation.

- A break below $2,990 could invite another retest of $2,953.

Gold is attempting a recovery, trading at $3,012.81 after finding short-term support just above the $2,990 level. The rebound follows a steep sell-off that pulled the metal from $3,152 highs into the $2,953–$2,989 range, where buyers stepped in.

Price has now reclaimed the $2,990 pivot, flipping near-term bias back toward a cautious bullish stance. With the $3,034 resistance now in focus, a sustained push through this level could invite fresh momentum toward $3,084 and potentially $3,152.

The RSI has edged up to 45.69, reflecting improved, but not yet strong, upside momentum. Price remains below the 50-period SMA at $3,071, suggesting the broader trend remains technically challenged. Traders should monitor whether gold can maintain intraday strength above $2,990. A break back below this key level would open downside exposure toward $2,953 and possibly $2,932.

Until price convincingly clears the $3,034–$3,071 resistance zone, upside should be treated with tactical caution. Momentum remains reactive to news flow, and traders may prefer confirmation via volume or breakout candles above $3,034 before adding new positions.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2990

Take Profit – 3034

Stop Loss – 2953

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$4400/ -$3700

Profit & Loss Per Mini Lot = +$440/ -$370

Daily Price Outlook

- Gold rejected at broken trendline near $3,046

- 50 EMA acting as firm resistance at $3,101

- Bearish momentum may resume below $3,013

Gold prices are under pressure following a decisive breakdown below both the ascending trendline and the $3,046 horizontal support, which previously acted as a pivot area for bulls. After slipping as low as $3,003, buyers briefly stepped in near the 200-period EMA, but the rebound lacked conviction.

Price is currently pinned under the $3,046 resistance zone and struggling to reclaim ground above $3,062. This resistance band, once supportive, now acts as a ceiling for any meaningful recovery. The technical landscape has turned bearish unless gold reclaims and closes above the $3,062 level.

The broader market structure also reflects caution, as the 50 EMA at $3,101.72 is now sloping downward, providing additional headwind. Meanwhile, the RSI sits at 39.81, suggesting bearish momentum is in play but not yet stretched enough to imply oversold conditions.

A break below the $3,013 handle would signal renewed selling pressure, opening the path toward the psychological support at $3,000 and possibly extending to $2,970, the next major horizontal demand zone.

Bulls would need to regain control above $3,062 to neutralize the bearish bias and make a case for a push toward the 50 EMA and $3,087. Until that happens, any upside moves are likely to be viewed as relief rallies rather than the start of a sustained uptrend.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 3046

Take Profit – 3013

Stop Loss – 3062

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$3300/ -$1600

Profit & Loss Per Mini Lot = +$330/ -$160

Daily Price Outlook

- Bearish bias below $1.2955, with the 50 SMA and Fibonacci resistance reinforcing downside pressure.

- Support at $1.2821 is critical—a break below could accelerate the move toward $1.2769 and $1.2720.

- RSI at 38.71 signals increasing bearish momentum, with rallies likely to face resistance unless $1.2955 is reclaimed.

After an aggressive sell-off from $1.3206, the British pound (GBP/USD) has entered a corrective phase, but gains remain capped below the $1.2955 resistance level. The pair is trading just under the 50-period SMA at $1.2957, which coincides with the 38.2% Fibonacci retracement—now acting as resistance.

Price failed to sustain above the key pivot at $1.2913 and is hovering near a critical support zone. If this level breaks, it may open the door toward $1.2821, where the ascending trendline converges with horizontal support.

Downside pressure is reinforced by a sharply falling RSI, currently at 38.71, suggesting bearish momentum still has room to run. The 50 SMA has flattened, pointing to market indecision in the near term. A deeper pullback could extend toward $1.2769 or even $1.2720 if $1.2821 fails to hold.

That said, upside risks remain if GBP/USD can clear $1.2955 decisively. A sustained move higher could see the pair test $1.3014 and $1.3060—levels aligning with the 50% and 61.8% retracements of the recent drop.

However, without a clean break above the 50 SMA and Fibonacci cluster, rallies are likely to face selling pressure. Bias favors the downside as long as price stays below $1.2955. Break below $1.2821 opens room for deeper retracement toward $1.2720.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.29548

Take Profit – 1.28216

Stop Loss – 1.30258

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1332/ -$710

Profit & Loss Per Mini Lot = +$133/ -$71