Daily Price Outlook

- Immediate resistance at $2,662.21; next hurdles: $2,676.49 and $2,692.86.

- Support levels include $2,624.44, $2,603.20, and $2,583.91.

- RSI at 56 and 50 EMA at $2,632.77 support moderate bullish sentiment.

Gold prices are trading at $2,649.84, up 0.04%, as the precious metal holds within a tight consolidation range near its pivot point of $2,639.12.

On the 4-hour chart, immediate resistance is seen at $2,662.21, with further hurdles at $2,676.49 and $2,692.86, reflecting a strong bullish zone if prices sustain above the pivot level.

Immediate support lies at $2,624.44, with deeper levels at $2,603.20 and $2,583.91, marking critical zones for bearish shifts.

The technical setup aligns with a cautiously bullish bias. The 50 EMA at $2,632.77 is acting as a dynamic support level, reinforcing the upward trend.

The RSI at 56 indicates moderate bullish momentum without signs of overbought conditions, providing room for price advancement.

A clean break above $2,662.21 could trigger buying interest, pushing prices toward the next resistance at $2,676.49.

Conversely, a breach below $2,639 may lead to a retest of support at $2,624.44, signaling potential bearish pressure.

Traders are advised to consider long positions above $2,640, with a take-profit target at $2,662 and a stop-loss at $2,628.

Market sentiment hinges on upcoming U.S. economic data, which could influence gold’s safe-haven appeal.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2640

Take Profit – 2662

Stop Loss – 2628

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$2200/ -$1200

Profit & Loss Per Mini Lot = +$220/ -$120

Daily Price Outlook

- Immediate resistance at $1.04424; next levels: $1.05287 and $1.06035.

- Support levels include $1.02884, $1.02240, and $1.01664.

- RSI at 48 and 50 EMA at $1.03718 signal neutral momentum, with potential for breakout moves.

EUR/USD is trading at $1.3539, up 0.14% for the day, maintaining a steady trajectory around its pivot point of $1.03731.

The 4-hour chart highlights immediate resistance at $1.04424, with subsequent levels at $1.05287 and $1.06035, reflecting potential targets if the pair gains momentum.

Immediate support lies at $1.02884, with additional key levels at $1.02240 and $1.01664, which serve as critical zones for bearish activity.

The RSI at 48 indicates neutral momentum, reflecting a balanced market sentiment. The 50 EMA, currently at $1.03718, aligns closely with the pivot point, signaling its importance as a dynamic support-resistance zone.

A break below $1.03725 could trigger selling pressure, targeting support at $1.02850. On the other hand, a sustained move above $1.04424 may pave the way for bullish moves toward higher resistance levels.

Traders are advised to consider short positions below $1.03725, with a take-profit target at $1.02850 and a stop-loss at $1.04208.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.03725

Take Profit – 1.02850

Stop Loss – 1.04208

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$875/ -$483

Profit & Loss Per Mini Lot = +$87/ -$48

Daily Price Outlook

- Resistance Levels: $2,662.22, $2,675.23, $2,692.86.

- Support Zones: $2,624.44, $2,603.20, $2,583.91.

- Momentum: RSI at 54; price above 50 EMA indicates moderate bullish sentiment.

Gold (XAU/USD) is trading at $2,640.11, up 0.15% in the last session, as it continues to consolidate within a moderately bullish framework on the 4-hour chart.

The price hovers above the pivot point at $2,637.83, signaling a potential breakout from key levels. Immediate resistance is set at $2,662.22, followed by $2,675.23 and the critical $2,692.86 level. A successful breach above these levels could extend the bullish momentum.

On the downside, immediate support is observed at $2,624.44, with further safety levels at $2,603.20 and $2,583.91.

The 50-day EMA at $2,629.15 acts as a key support zone, maintaining the positive bias. The RSI stands at 54, suggesting neutral to moderate bullish momentum, with room for additional upside.

The consolidation phase reflects market indecision, but sustained movement above $2,637.83 may trigger buying interest targeting the $2,660 range.

Conversely, a break below $2,624.44 could shift sentiment, exposing gold to deeper retracements toward $2,583.91. Traders should monitor these levels closely for near-term directional clarity.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2637

Take Profit – 2660

Stop Loss – 2619

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$2300/ -$1800

Profit & Loss Per Mini Lot = +$230/ -$180

Daily Price Outlook

- Resistance Levels: Immediate resistance at $1.44587; further levels at $1.45428 and $1.46163.

- Support Zones: Key support at $1.42799, with additional levels at $1.42108 and $1.41342.

- Momentum Indicators: RSI at 39 signals bearish momentum; price below the 50 EMA supports a negative outlook.

USD/CAD is trading at $1.43112, down 0.12% on the day, as bearish momentum dominates. The pair is consolidating below the pivot point at $1.43454 on the 4-hour chart, suggesting potential for further downside.

The Relative Strength Index (RSI) is at 39, indicating weak momentum and room for additional selling pressure. The 50-day Exponential Moving Average (EMA) at $1.43855 acts as a key resistance level, reinforcing the bearish sentiment.

Immediate support is observed at $1.42799, with additional levels at $1.42108 and $1.41342, aligning with prior price action and technical indicators.

A break below $1.42799 could accelerate the downside move, targeting $1.42108. On the upside, resistance stands at $1.44587, followed by $1.45428 and $1.46163.

To negate the bearish outlook, the pair would need to break and sustain above the pivot point and the 50 EMA at $1.43454 and $1.43855, respectively.

The technical structure indicates that sellers maintain control, with the descending price action below the pivot and EMA levels affirming bearish dominance.

Traders should monitor the $1.43454 pivot closely for a potential reversal or continuation signal, with key support and resistance levels dictating short-term moves.

USD/CAD - Trade Ideas

Entry Price – Sell Below 1.43449

Take Profit – 1.42478

Stop Loss – 1.44070

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$971/ -$621

Profit & Loss Per Mini Lot = +$97/ -$62

Daily Price Outlook

- Resistance Levels: Immediate resistance at $0.63058; further targets at $0.63393 and $0.63835.

- Support Zones: Immediate support at $0.61979; additional levels at $0.61616 and $0.61208.

- Momentum Indicators: RSI at 61 reflects moderate bullish momentum; price remains above the 50 EMA, signaling strength.

AUD/USD is trading at $0.62702, gaining 0.41% in the past 24 hours, as the pair builds momentum above the pivot point at $0.62433.

On the 4-hour chart, the price action reflects bullish sentiment, with the Relative Strength Index (RSI) at 61, indicating moderate strength.

The 50-day Exponential Moving Average (EMA) at $0.62250 provides a solid support base, aligning with the pivot point to sustain the upward trajectory.

Immediate resistance lies at $0.63058, and a break above this level could open the door for further gains toward $0.63393 and $0.63835. These targets align with key Fibonacci retracement levels, enhancing the bullish outlook.

On the downside, immediate support is seen at $0.61979, followed by $0.61616 and $0.61208. A breach below $0.61979 could expose the pair to additional downside risks, challenging the current bullish momentum.

The technical structure indicates a favorable setup for buyers, with the pair holding above the 50 EMA and pivot point.

A sustained move above $0.63058 would confirm the bullish trend, while a failure to maintain this level could trigger consolidation or a pullback.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62429

Take Profit – 0.63063

Stop Loss – 0.62053

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$634/ -$376

Profit & Loss Per Mini Lot = +$63/ -$37

Daily Price Outlook

- Resistance Levels: Immediate resistance at $1.03929, with next targets at $1.04582 and $1.05136.

- Support Zones: Immediate support at $1.02579, with additional levels at $1.02109 and $1.01664.

- Momentum Indicators: RSI at 41 signals weak momentum; price below 50-day EMA at $1.03769 reinforces short-term bearish outlook.

EUR/USD is trading at $1.03107, marking a slight increase of 0.03% during the day as the pair consolidates near critical levels. The 4-hour chart indicates a cautious market sentiment, with the price testing immediate support at $1.02579.

This support is crucial to preventing further downside, as a break below this level could expose the pair to deeper retracements toward $1.02109 and $1.01664.

On the upside, the pair faces immediate resistance at $1.03929, followed by $1.04582 and $1.05136. A breakout above $1.03929 could spark bullish momentum, potentially targeting the higher resistance levels.

However, with the price currently below the 50-day EMA at $1.03769, bearish sentiment remains dominant in the near term.

The Relative Strength Index (RSI) stands at 41, reflecting subdued momentum and hinting at potential oversold conditions.

Traders may focus on the pivot point at $1.03453, which acts as a key level for determining the next directional bias.A sustained move below this pivot could solidify the bearish trend, making short positions favorable.

For intraday trading, selling below $1.03461 with a target of $1.02586 appears prudent, while a stop-loss at $1.03944 safeguards against unexpected reversals.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.03461

Take Profit – 1.02586

Stop Loss – 1.03944

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$875/ -$483

Profit & Loss Per Mini Lot = +$87/ -$48

Daily Price Outlook

- Bearish Momentum: Pivot resistance at $2,639 holds, with gold trending toward $2,614 support.

- Technical Resistance: Immediate barriers at $2,662, $2,675, and $2,692 cap bullish attempts.

- Focus on Data: Nonfarm Payrolls could influence gold’s direction through the dollar and Treasury yields.

Gold (XAU/USD) is trading at $2,631.54, down 0.31% on the day, struggling to maintain momentum as the US dollar and Treasury yields remain elevated.

The immediate pivot point at $2,639.26 acts as a critical resistance level, with further upside capped by $2,662.22, $2,675.23, and $2,692.86.

Conversely, key support levels are positioned at $2,621.73, $2,605.08, and $2,583.91, where buyers may step in.

The RSI currently reads 46, reflecting neutral momentum but leaning towards bearish sentiment. The 50 EMA at $2,626.94 underscores near-term resistance, aligning with the pivot point.

Gold’s inability to decisively break above $2,639 suggests sellers are retaining control, with a potential move toward $2,614 if the downward trend persists.

From a technical perspective, the broader outlook remains bearish below $2,639, with the descending trendline and weakening RSI pressuring further declines.

A break below $2,621 could accelerate selling toward $2,605 and $2,583, marking critical downside targets. However, a bullish recovery would require a sustained push above $2,662 to invalidate the current bearish setup.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2639

Take Profit – 2614

Stop Loss – 2653

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$2500/ -$1400

Profit & Loss Per Mini Lot = +$250/ -$140

Daily Price Outlook

- Resistance Levels: Immediate resistance at $1.25601; further levels at $1.26142 and $1.26639 could come into play upon a breakout.

- Support Zones: Key support at $1.24089, with deeper levels at $1.23494 and $1.23014 if selling pressure intensifies.

- Momentum Indicators: RSI at 44 indicates weak momentum, while the price remains below the 50-day EMA at $1.25095, reinforcing a short-term bearish bias.

GBP/USD is trading at $1.24409, up 0.19% for the day as the pair shows signs of consolidation near its pivot point at $1.24787.

The 4-hour chart reflects cautious optimism, but the broader trend remains under pressure as the price trades below the 50-day EMA at $1.25095, signaling bearish momentum in the near term.

Immediate support is located at $1.24089, which is critical for maintaining stability. A break below this level could drive the pair lower toward $1.23494 and $1.23014, signaling deeper retracements.

Conversely, resistance stands at $1.25601, with additional barriers at $1.26142 and $1.26639. A breakout above $1.25601 could trigger a bullish move, but such a scenario remains contingent on a sustained push above the pivot point.

The Relative Strength Index (RSI) at 44 indicates weak momentum, leaning slightly toward bearish sentiment. This aligns with the broader technical outlook, suggesting that selling opportunities below the pivot may yield better risk-reward dynamics.

For intraday traders, selling below $1.24785, with a target of $1.24097, appears prudent, while a stop-loss at $1.25126 limits potential losses in case of a reversal.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.24785

Take Profit – 1.24097

Stop Loss – 1.25126

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$688/ -$341

Profit & Loss Per Mini Lot = +$68/ -$34

Daily Price Outlook

- Resistance Levels: Immediate resistance at $2,676.29, with further targets at $2,692.86 and $2,707.37.

- Support Zones: Key support at $2,639.26, followed by $2,621.73 and $2,605.08.

- Technical Indicators: RSI at 64 suggests limited upside; 50 EMA at $2,627.19 signals short-term bearish bias.

Gold (XAU/USD) is trading at $2,654.42, down 0.15%, reflecting mild bearish pressure as it consolidates below the pivot point at $2,663.01.

The 4-hour chart suggests a cautious outlook, with immediate resistance positioned at $2,676.29, followed by $2,692.86 and $2,707.37.

On the downside, key support levels are found at $2,639.26, $2,621.73, and $2,605.08, acting as critical safety nets for potential pullbacks.

The 50-day Exponential Moving Average (EMA) at $2,627.19 reinforces the bearish sentiment as Gold trades above this level but struggles to maintain upward momentum.

The Relative Strength Index (RSI) at 64 signals moderate bullish bias but warns of nearing overbought territory, limiting aggressive buying activity.

A sustained move below the pivot point at $2,663.01 could invite selling pressure, targeting the immediate support at $2,639.26.

Conversely, a break above $2,676.29 may shift sentiment towards bullishness, potentially aiming for $2,692.86.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2663

Take Profit – 2638

Stop Loss – 2676

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$2500/ -$1300

Profit & Loss Per Mini Lot = +$250/ -$130

Daily Price Outlook

- Oversold Conditions: RSI at 30 suggests potential for a rebound but requires confirmation of momentum.

- Resistance Levels: Immediate resistance at 1.03399; further hurdles at 1.03708 and 1.04122.

- Support Zones: Key support at 1.01664, with additional levels at 1.01308, signaling bearish risks.

EUR/USD is trading at 1.0281, down 0.21% as bearish sentiment prevails, with the pair slipping below its pivot point at 1.02977.Immediate resistance is positioned at 1.03399, followed by higher levels at 1.03708 and 1.04122.

On the downside, support is found at 1.01664 and extends to 1.01308, underscoring critical zones for potential rebounds.

The RSI is at 30, signaling oversold conditions, which could attract short-term buyers, though caution is advised as bearish momentum remains dominant.

The pair is trading well below its 50-day EMA at 1.03862, reinforcing the bearish trend and suggesting a challenge to sustain any recovery above key resistance levels.

For a bullish reversal, EUR/USD needs to reclaim the pivot point at 1.02977, which could target the first resistance at 1.03399.

However, failure to hold support at 1.01664 may trigger further declines, exposing the pair to lower levels at 1.01308 or below.

Market participants should monitor price action near the pivot and RSI for signs of a rebound or continued downward pressure.

The current technical setup favors a cautious approach as EUR/USD hovers near critical thresholds.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.02353

Take Profit – 1.02968

Stop Loss – 1.01998

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$615/ -$355

Profit & Loss Per Mini Lot = +$61 / -$35