Daily Price Outlook

- Bullish Momentum: SPX holds above the pivot at 5918.26, with immediate resistance at 6011.99.

- EMA Pressure: The 50 EMA at 5997.91 serves as a key resistance level for the short term.

- Critical Support: A break below 5834.66 could signal bearish sentiment, targeting lower support at 5764.34.

The S&P 500 index (SPX) is trading near the pivot point of 5918.26, reflecting a cautious yet optimistic market tone.

Immediate resistance is seen at 6011.99, with further upside targets at 6099.55 and 6175.48. On the downside, immediate support lies at 5834.66, followed by deeper levels at 5764.34 and 5672.94.

The 50 EMA, positioned at 5997.91, highlights resistance to the ongoing bullish trend, signaling that bulls must clear this hurdle to sustain upward momentum. RSI readings hover near neutral, suggesting consolidation before a potential breakout.

A sustained move above 5918.26 could pave the way for gains toward 6011.99, with further buying interest likely targeting 6099.55.

Conversely, failure to hold above the pivot may trigger a retest of support at 5834.66, where a break could shift sentiment toward bearish territory.

Market participants are closely monitoring key economic data, particularly the U.S. labor report, for its potential impact on Federal Reserve policy.

A strong breakout above 6011.99 would confirm bullish momentum, while sustained pressure below 5834.66 may signal a deeper correction.

S&P 500 - Trade Ideas

Entry Price – Buy Above 5900

Take Profit – 6036

Stop Loss – 5825

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$1360/ -$750

Profit & Loss Per Mini Lot = +$136/ -$75

Daily Price Outlook

- USD/JPY tests critical support at 157.544, with downside risks toward 156.904.

- 50 EMA reinforces bearish momentum, capping gains near 158.475.

- RSI indicates weak sentiment; a break below the pivot may accelerate losses.

USD/JPY is trading at 157.930, down 0.25%, reflecting a bearish tone as the pair struggles to hold above key technical levels. The pivot point at 158.475 remains a critical marker, and the pair's inability to reclaim this level suggests further downside pressure.

The 50 EMA at 157.544 acts as near-term resistance, aligning with broader selling momentum. RSI readings indicate bearish sentiment, with the pair at risk of deeper declines if momentum persists.

Immediate resistance lies at 159.406, followed by 160.406 and 161.117, which may limit any bullish recovery.

On the downside, immediate support is found at 156.904, with further levels at 155.975 and 154.924 offering potential buffers against an extended selloff. A sustained move below the pivot point could trigger a decline toward 156.904 and beyond.

Traders considering short positions may look to sell below 158.448, targeting 156.904 while setting a stop-loss at 157.074.

A break above 158.475 would be required to negate the bearish outlook, paving the way for a test of 159.406. With a cautious sentiment prevailing, traders should monitor price action near the pivot for further clues on directional strength.

USD/JPY - Trade Ideas

Entry Price – Sell Below 158.448

Take Profit – 1.24338

Stop Loss – 157.074

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$1374/ -$808

Profit & Loss Per Mini Lot = +$137/ -$80

Daily Price Outlook

- Gold consolidates near the $2,646 pivot, eyeing $2,670.45 resistance.

- Support levels at $2,624 and $2,603 provide critical downside buffers.

- RSI at 57 indicates neutral momentum; breakout to determine trend.

Gold is trading at $2,657.43, down 0.16%, as traders digest recent price movements within a consolidation phase.

The 4-hour chart shows gold trading just above its pivot point at $2,646.10, supported by the 50 EMA at $2,636.37, suggesting near-term stability.

However, the RSI at 57 reflects neutral momentum, leaving the next directional move dependent on price action near key levels.

Immediate resistance lies at $2,670.45, with subsequent targets at $2,692.82 and $2,710.72, signaling potential upside if bullish momentum builds.

On the downside, immediate support is at $2,624.44, followed by stronger levels at $2,603.20 and $2,583.91. A break below $2,646.10 could drive bearish sentiment toward these levels, while a bounce from the pivot point may reignite upward momentum.

Traders eyeing long positions could consider a buy limit near $2,652 with a take-profit target of $2,672 and a stop-loss at $2,640.

The tight trading range suggests caution as gold remains influenced by broader market drivers, including dollar strength and geopolitical factors. Watch for a breakout above $2,670.45 or a decisive move below $2,646.10 for clearer direction.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Limit 2652

Take Profit – 2672

Stop Loss – 2640

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2000/ -$1200

Profit & Loss Per Mini Lot = +$200/ -$120

Daily Price Outlook

- AUD/USD struggles below the $0.62190 pivot, testing $0.61781 support.

- 50 EMA at $0.62228 reinforces resistance, keeping the trend bearish.

- RSI indicates weak momentum; further declines likely if $0.62190 breaks.

AUD/USD is trading at $0.61964, down 0.28%, as bearish sentiment dominates amid global risk-off conditions. The pair is struggling to maintain ground above its pivot point at $0.62190, signaling potential downside risks.

The 50 EMA at $0.62228 has turned into a near-term resistance level, further weighing on the currency pair. The RSI is hovering in bearish territory, reflecting subdued momentum.

Immediate resistance is located at $0.62730, followed by $0.63058 and $0.63393, marking levels to watch for any bullish recovery.

On the downside, immediate support lies at $0.61781, with stronger support at $0.61488 and $0.61208. A sustained move below the pivot point could trigger further selling pressure, targeting the $0.61781 level initially, followed by $0.61530.

Traders considering short positions might look to enter below $0.62172, targeting $0.61530 with a stop-loss at $0.62523.

While the pair remains bearish in the short term, a break above $0.62190 and the 50 EMA could signal a reversal, paving the way for a test of $0.62730.

However, the broader trend remains cautious as the pair reacts to key technical and macroeconomic drivers.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62172

Take Profit – 0.61530

Stop Loss – 0.62523

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$642/ -$351

Profit & Loss Per Mini Lot = +$64/ -$35

Daily Price Outlook

- Immediate resistance at $1.25601; next levels: $1.26142 and $1.26639.

- Support levels include $1.24349, $1.23624, and $1.23014.

- RSI at 48 and 50 EMA at $1.25028 highlight a neutral bias, with potential for breakout moves.

GBP/USD is trading at $1.24863, up 0.08% on the day, hovering just below the pivot point of $1.25034. The 4-hour chart highlights immediate resistance at $1.25601, followed by key levels at $1.26142 and $1.26639, indicating areas where bullish momentum may face challenges.

On the downside, immediate support is at $1.24349, with subsequent levels at $1.23624 and $1.23014, marking critical zones for potential bearish moves.

The RSI at 48 reflects neutral market sentiment, while the 50 EMA at $1.25028 is nearly aligned with the pivot point, suggesting a critical zone for price action.

A decisive break below $1.25029 could initiate selling pressure, with the first target at $1.24338. Conversely, a sustained move above $1.25601 may signal bullish momentum, targeting higher resistance levels.

Traders are advised to watch the $1.25034 pivot point closely. Selling below this level offers a favorable risk-to-reward setup, with a take-profit target of $1.24338 and a stop-loss at $1.25520.

However, a break above $1.25601 could attract buying interest, signaling potential upside toward $1.26142. Market participants should monitor economic releases and central bank statements for directional cues.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.25029

Take Profit – 1.24338

Stop Loss – 1.25520

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$691/ -$491

Profit & Loss Per Mini Lot = +$69/ -$49

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

- 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

- 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: $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 $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