Daily Price Outlook

- Immediate resistance at $0.67576, with potential upside capped at $0.67810 if bullish momentum strengthens.

- Immediate support is at $0.67025, with downside risk toward $0.66828 if selling pressure intensifies.

- RSI at 41 indicates bearish momentum, with further declines likely if the pair fails to hold above support levels.

AUD/USD is currently trading at $0.67130, down 0.19%, as the pair experiences selling pressure following its failure to break key resistance levels. The pivot point stands at $0.67304, with immediate resistance at $0.67576. A move above this could push the pair towards the next resistance levels at $0.67810 and $0.68105. However, current market sentiment appears bearish, suggesting that any rally may struggle to gain traction.

On the downside, immediate support is seen at $0.67025, with deeper support at $0.66828 and $0.66615. If AUD/USD breaks below these levels, it could signal further downside movement. The 50-day EMA at $0.67292 is trending just above current prices, indicating potential resistance on the path to recovery.

The RSI currently sits at 41, suggesting that the pair is in bearish territory. Momentum is skewed to the downside, indicating increased selling pressure. A break below the pivot point at $0.67304 may confirm further declines, with bears likely to target support at $0.66828.

Given the bearish technical signals, traders may consider short positions below $0.67304, with a take-profit target of $0.66908 and a stop-loss at $0.67522.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.67304

Take Profit – 0.66908

Stop Loss – 0.67522

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$396/ -$218

Profit & Loss Per Mini Lot = +$39/ -$21

Daily Price Outlook

- Immediate resistance at $1.38703; a break above this level could push prices toward $1.39030.

- RSI at 72 indicates overbought conditions, suggesting a potential short-term correction.

- The 50-day EMA at $1.35957 provides strong support, reinforcing the overall bullish bias.

USD/CAD is trading at $1.38066, up 0.08%, as it continues its upward momentum, testing key resistance levels. The pivot point stands at $1.38387, indicating bullish sentiment in the market. Immediate resistance is seen at $1.38703, with further resistance levels at $1.39030. If USD/CAD breaks above these levels, we could see the pair push higher toward $1.39500.

On the downside, immediate support is located at $1.37583, with deeper support at $1.37273 and $1.37044. Any break below these levels could signal a pullback, potentially weakening the current uptrend. The 50-day EMA is at $1.35957, offering strong support, suggesting that the overall bias remains bullish.

The RSI is at 72, signaling that USD/CAD is in overbought territory. While this indicates strong buying pressure, it also suggests a potential short-term correction.

Given the technical outlook, traders may look to buy above $1.37914, targeting $1.38703, with a stop loss set at $1.37409.

USD/CAD - Trade Ideas

Entry Price – Buy Above 1.37914

Take Profit – 1.38703

Stop Loss – 1.37409

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$789/ -$505

Profit & Loss Per Mini Lot = +$78/ -$50

Daily Price Outlook

- GBP/USD faces resistance at $1.30832 and must break above the 50-day EMA at $1.30726 to maintain a bullish trend.

- RSI at 50 indicates neutral market sentiment, leaving room for further directional movement.

- Key support at $1.30217 could trigger a bearish move if breached.

GBP/USD is trading at $1.30658, up 0.01%, reflecting a neutral yet slightly bullish tone. The pair is currently hovering around the pivot point at $1.30509, which could serve as a crucial level for the next directional move. Immediate resistance stands at $1.30832, followed by higher levels at $1.31051 and $1.31329. A break above these levels could signal more upside potential for the pound, possibly driving it towards $1.31329.

On the downside, the first line of defense is at $1.30217, with additional support at $1.29945 and $1.29659. A drop below $1.30217 could trigger a more bearish sentiment, testing the lower levels, especially if the pound fails to hold above the pivot point.

The 50-day Exponential Moving Average (EMA) sits at $1.30726, serving as a critical resistance level. A failure to break above this EMA could indicate some consolidation, with the pair needing a stronger push to continue the uptrend. The Relative Strength Index (RSI) is currently at 50, reflecting neutral momentum and signaling that the market could swing either way depending on key developments in the coming sessions.

A buying opportunity presents itself above $1.30399, with a target to take profit at $1.31049. Traders should be cautious of downside risks, placing a stop-loss at $1.30085 to mitigate any potential losses from a reversal.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.30399

Take Profit – 1.31049

Stop Loss – 1.30085

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$650/ -$314

Profit & Loss Per Mini Lot = +$65/ -$31

Daily Price Outlook

- Gold is supported by the 50-day EMA at $2,630, reinforcing bullish momentum.

- RSI stands at 69, signaling strong momentum but nearing overbought levels.

- Resistance at $2,670 and $2,684 could trigger further gains if broken.

Gold (XAU/USD) is trading at $2,663.50, up 0.24%, as bullish momentum continues to drive prices higher. The immediate pivot point stands at $2,655, and gold is showing resilience above this level, supported by broader inflation concerns and geopolitical uncertainties. Immediate resistance is at $2,670, followed by stronger resistance at $2,684 and $2,699. A break above these levels could signal further bullish movement.

On the downside, immediate support is at $2,642, with further levels of defense at $2,625 and $2,606. A drop below $2,642 would suggest a shift in sentiment, potentially triggering selling pressure. The 50-day Exponential Moving Average (EMA) at $2,630 is providing solid support, reinforcing the bullish outlook as long as prices remain above this threshold.

From a technical standpoint, the Relative Strength Index (RSI) currently sits at 69, indicating bullish momentum but nearing overbought territory. Traders should watch for potential exhaustion as prices approach the key resistance zone. However, as long as gold holds above the $2,655 pivot point, the outlook remains constructive for further upside.

The strategy here would be to buy on dips above $2,660, with an ideal take profit target at $2,684. A stop-loss should be placed around $2,642 to mitigate downside risk in case of a reversal.

Gold remains in a positive technical posture, but traders should be cautious of overbought signals and prepare for potential pullbacks if support at $2,642 fails to hold.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2660

Take Profit – 2684

Stop Loss – 2642

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2400/ -$1800

Profit & Loss Per Mini Lot = +$240/ -$180

Daily Price Outlook

- EUR/USD faces strong resistance at $1.09480, the 50-day EMA level.

- RSI at 44 suggests neutral momentum with room for further movement.

- Key support at $1.09135 may lead to bearish pressure if broken.

The EUR/USD pair is trading at $1.09268, down 0.08% as it flirts with its immediate pivot point of $1.09220. The euro faces resistance at $1.09389, and a break above this level could trigger further bullish momentum toward the next resistance levels of $1.09522 and $1.09673.

On the downside, immediate support is found at $1.09135, with further support at $1.08997 and $1.08868, which will likely serve as key zones to watch if bearish pressure intensifies.

Technically, the 50-day Exponential Moving Average (EMA) at $1.09480 is providing strong resistance and could be a critical point in determining whether the pair moves higher or faces rejection. A failure to break above the 50-day EMA might suggest that further downside is likely in the near term.

The Relative Strength Index (RSI) is currently sitting at 44, indicating neutral momentum. This suggests that the pair has room to move in either direction, depending on upcoming market developments.

Traders may look to buy above $1.09221, with a take-profit target of $1.09492, aligning with resistance zones. A stop-loss at $1.09070 will help limit downside risk if EUR/USD slips below its immediate support level.

In conclusion, while EUR/USD remains in a neutral position, any break above or below the pivot point at $1.09220 will dictate its short-term direction. The pair’s ability to hold above or breach the 50-day EMA will be pivotal in determining its next move.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.09221

Take Profit – 1.09492

Stop Loss – 1.09070

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$271/ -$151

Profit & Loss Per Mini Lot = +$27/ -$15

Daily Price Outlook

- Resistance Levels: Immediate resistance at $1.0955, with further hurdles at $1.0967 and $1.0981.

- Support Levels: Key support at $1.0926, followed by $1.0914 and $1.0900.

- RSI at 44: Indicates neutral momentum, with potential for additional downside if resistance levels hold firm.

The EUR/USD is trading at $1.09337, down 0.02% for the day, as the pair struggles to break through key resistance levels. The currency pair remains below its pivot point at $1.0942, suggesting that bearish momentum is still in play.

Immediate resistance is observed at $1.0955, followed by the 50-day Exponential Moving Average (EMA) at $1.0957, which has been capping the upside for the past week. A clear break above $1.0955 could pave the way for EUR/USD to target the next resistance levels at $1.0967 and $1.0981.

On the downside, immediate support is seen at $1.0926, with further support levels at $1.0914 and $1.0900. A drop below $1.0926 could trigger additional selling pressure, pushing the pair toward the psychological $1.0900 mark. The Relative Strength Index (RSI) is currently at 44, indicating neutral momentum and leaving room for further downside if the pair fails to reclaim $1.0942.

Given the current technical setup, a sustained move below $1.0942 may signal a bearish trend continuation, targeting lower support levels. Conversely, a breakout above the 50-day EMA at $1.0957 would shift the outlook to bullish, potentially driving the EUR/USD higher.

Overall, the EUR/USD outlook remains cautiously bearish below the pivot point of $1.0942, and traders should watch for a confirmed break above or below key levels to determine the pair’s next directional move.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.09424

Take Profit – 1.09130

Stop Loss – 1.09583

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$294/ -$159

Profit & Loss Per Mini Lot = +$29/ -$15

Daily Price Outlook

- Resistance Levels: Gold faces resistance at $2,654.00, $2,670.00, and $2,686.09.

- Support Levels: Immediate support is at $2,619.22, followed by $2,605.24 and $2,592.16.

- RSI at 55: Indicates moderate bullish sentiment; a break above $2,655 could accelerate buying interest.

Gold (XAU/USD) is currently trading at $2,639.53, up 0.42% on the day, as the metal consolidates above its immediate support at $2,619.22. The price remains below the pivot point of $2,655.00, suggesting that bullish momentum is cautiously building.

However, the metal faces a significant challenge near $2,654.00, where the 50-day Exponential Moving Average (EMA) at $2,640.54 is capping further gains. A sustained move above the $2,655 resistance could open the path toward the next resistance levels at $2,670.00 and $2,686.09.

On the downside, a failure to maintain levels above $2,632 could trigger a short-term correction, exposing gold to immediate support at $2,619.22, followed by deeper levels at $2,605.24 and $2,592.16. The Relative Strength Index (RSI) stands at 55, reflecting moderate bullish sentiment but lacking strong momentum to push the price beyond the key $2,655 level.

If prices close above $2,655, gold could target $2,670 and potentially test $2,686.09 in the near term. However, if sellers regain control and drive the price below $2,619.22, a drop toward $2,605.24 could ensue, signaling potential downside risks.

Overall, the short-term outlook for gold remains cautiously bullish above $2,632. A breakout above $2,655 would confirm renewed upward momentum, while a dip below $2,619.22 could shift the trend toward a bearish stance.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2632

Take Profit – 2655

Stop Loss – 2615

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2300/ -$1700

Profit & Loss Per Mini Lot = +$230/ -$170

Daily Price Outlook

- Resistance Levels: Immediate resistance at $5,796.45, followed by $5,822.06 and $5,852.82.

- Support Levels: Immediate support at $5,734.58, with further support at $5,707.99 and $5,676.19.

- RSI at 60: Indicates bullish sentiment with potential for further gains, but overbought conditions could emerge if it surpasses 65.

The S&P 500 is currently trading at $5,780.04, down 0.21% for the day, as the index faces resistance around the $5,796.45 level. Despite the slight decline, the overall trend remains positive, with the index holding above the key pivot point at $5,762.91. A successful breakout above $5,796.45 could propel the S&P 500 toward the next resistance levels at $5,822.06 and $5,852.82, indicating potential for further gains.

On the downside, immediate support lies at $5,734.58, just above the 50-day Exponential Moving Average (EMA) at $5,733.94, which has historically provided strong support during pullbacks. A drop below this level could signal increased selling pressure, targeting further support at $5,707.99 and $5,676.19.

The Relative Strength Index (RSI) is currently at 60, suggesting that the market is approaching overbought territory but still has room for additional upside. If the RSI climbs above 65, it could indicate strengthening bullish momentum, reinforcing the likelihood of an upward move past the $5,796.45 resistance level.

If prices break above $5,796.45, expect the S&P 500 to test the $5,822.06 resistance level. Conversely, if the index falls below the $5,734.58 support, it could face further declines toward $5,707.99, potentially shifting the trend toward a bearish stance.

Overall, the outlook remains cautiously bullish as long as the S&P 500 holds above $5,734.58.

S&P 500 - Trade Ideas

Entry Price – Buy Above 5765

Take Profit – 5815

Stop Loss – 5735

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$500/ -$300

Profit & Loss Per Mini Lot = +$50/ -$30

Daily Price Outlook

- Trendline Support: Gold is trading above the key trendline at $2,606, maintaining a potential for bullish momentum.

- Immediate Target: A break above $2,624 may push prices toward the $2,635-$2,647 resistance zone.

Bearish Risk: A breach below $2,596 could lead to a downward move toward $2,587 and potentially $2,576.

Gold (XAU/USD) is trading at $2,614.40, up 0.26%, as the precious metal attempts to stage a recovery after several days of decline. The 4-hour chart shows Gold finding support near the $2,606 pivot point, which aligns with the trendline support observed since early October.

This level is critical, as maintaining it could foster further bullish momentum. Immediate resistance is positioned at $2,624, followed by the 50-day Exponential Moving Average (EMA) at $2,635. A break above $2,635 could open the door for an advance toward $2,647, where stronger selling pressure may re-emerge.

However, if Gold fails to hold above the $2,606 pivot, the immediate support level shifts to $2,596, with deeper support at $2,587. A breach below these levels could signal a bearish shift, exposing prices to the $2,576 area.

The Relative Strength Index (RSI) currently stands at 43, indicating neutral sentiment but hovering near oversold territory. This suggests that while bears have a slight upper hand, a potential reversal could be on the horizon if buying interest gains traction above $2,624.

The technical outlook remains cautious yet slightly optimistic, contingent on Gold's ability to stay above the $2,606 support level. Traders should watch for a decisive break above $2,635 to confirm the bullish bias, while a drop below $2,596 could trigger further selling.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2610

Take Profit – 2628

Stop Loss – 2603

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$1800/ -$700

Profit & Loss Per Mini Lot = +$180/ -$70

Daily Price Outlook

- Bullish Momentum: USD/JPY is trading above the 149.009 pivot, with immediate resistance at 149.759.

- Overbought Conditions: RSI at 72 indicates overbought levels, but also confirms strong bullish momentum.

- Support Levels: Immediate support is at 148.275, with further safety nets at 147.349 and 146.200.

The USD/JPY pair is trading at 149.386, up 0.06%, maintaining a bullish bias as it hovers near recent highs. On the 4-hour chart, the pair is holding above the key pivot point at 149.009, suggesting continued upward momentum. If USD/JPY manages to break above the immediate resistance at 149.759, it could potentially aim for the next resistance levels at 150.494 and 151.244, marking a potential new multi-year high.

The pair’s bullish momentum is further supported by the 50-day Exponential Moving Average (EMA) at 146.506, which is significantly below the current price, indicating strong underlying support. Additionally, the Relative Strength Index (RSI) is currently at 72, placing the pair in overbought territory. While this suggests the possibility of a short-term pullback, it also highlights the strength of the current bullish trend.

If USD/JPY reverses direction and fails to hold above the pivot point at 149.009, immediate support can be found at 148.275, followed by deeper support levels at 147.349 and 146.200. A breach below these levels could signal a bearish reversal, but as long as the pair remains above the 50-day EMA, the overall outlook stays positive.

Given the strong uptrend and high RSI, traders should watch for potential profit-taking or consolidation near the 150 level. The current technical setup indicates that any dips may be considered as buying opportunities, provided the pair holds above 148.275.

USD/JPY - Trade Ideas

Entry Price – Buy Above 149.000

Take Profit – 150.576

Stop Loss – 148.268

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1576/ -$732

Profit & Loss Per Mini Lot = +$157/ -$73