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

- 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: 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

- 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

- 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

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: 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

- 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

- 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