Daily Price Outlook

- EUR/USD remains under pressure, trading below the pivot point at 1.04042.

- Immediate resistance at 1.04480, with support at 1.03430.

- RSI at 44 signals bearish momentum, with no clear reversal yet.

The EUR/USD is trading at 1.03912, showing a slight decline of 0.13% as it continues to face downward pressure. The pair is holding just below the critical pivot point at 1.04042, with immediate resistance at 1.04480, followed by 1.04973 and 1.05649.

These resistance levels are key for any potential bullish reversal, but the current trend remains bearish as the price is unable to break above the pivot point.

On the downside, immediate support is found at 1.03430, with further support levels at 1.03033 and 1.02722. The 50-day Exponential Moving Average (EMA) at 1.03957 is in close proximity, adding to the consolidation near the current price.

The RSI is at 44, indicating bearish momentum, with no signs of oversold conditions yet, suggesting that the price could continue its downward trajectory if it fails to hold above the support levels.

The market remains cautious, with volatility driven by economic data and geopolitical events. If EUR/USD fails to break above 1.04042, further downside could lead to a retest of the lower support levels.

However, a break above the immediate resistance at 1.04480 could shift the market sentiment, but this seems unlikely unless there is a significant shift in the underlying fundamentals.

EUR/USD - Trade Ideas

Entry Price – Sell Limit 1.04041

Take Profit – 1.03412

Stop Loss – 1.04361

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$629/ -$320

Profit & Loss Per Mini Lot = +$62/ -$32

Daily Price Outlook

- GBP/USD faces immediate resistance at 1.25653, with further upside potential at 1.26586.

- Immediate support lies at 1.24764, with further downside risk toward 1.24237.

- RSI at 45 indicates a neutral-to-bearish market sentiment with no clear trend reversal.

The GBP/USD is currently trading at 1.25296, showing a modest 0.01% decline. The pair is hovering just below the critical pivot point of 1.25653, with immediate resistance at 1.26586 and further resistance at 1.27292 and 1.27819.

These resistance levels will need to be breached for any potential bullish movement, but the overall sentiment remains bearish.

Immediate support is found at 1.24764, followed by 1.24237 and 1.23771. The 50-day Exponential Moving Average (EMA) sits at 1.25511, signaling a neutral-to-bearish trend in the short term.

The Relative Strength Index (RSI) at 45 reflects a neutral to slightly bearish momentum, with no clear signs of a reversal at this point.

The market is looking for direction, and a breach below 1.24764 could trigger further declines toward the next support levels.

On the flip side, if GBP/USD manages to break above the immediate resistance at 1.25653, it could pave the way for a rally toward 1.26586, though this would require a significant shift in sentiment.

Overall, the market remains cautious, with volatility driven by global economic and geopolitical factors.

GBP/USD - Trade Ideas

Entry Price – Sell Limit 1.25650

Take Profit – 1.24749

Stop Loss – 1.26219

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$901/ -$569

Profit & Loss Per Mini Lot = +$90/ -$56

Daily Price Outlook

- Gold remains supported around $2,610, with $2,633 acting as key resistance.

- RSI at 53 reflects neutral momentum, suggesting potential consolidation.

- A break above $2,633 targets $2,651, while failure to hold $2,610 risks a decline to $2,573.

Gold prices have maintained upward momentum, trading at $2,620.17, bolstered by safe-haven demand amid geopolitical tensions and economic uncertainty.

The pivot point lies at $2,609.49, which has been a critical level for determining short-term direction. Immediate resistance is seen at $2,633.23, followed by $2,651.64 and $2,670.44, with higher targets forming in case of continued bullish pressure.

On the downside, immediate support is at $2,588.03, with further key support levels at $2,573.39 and $2,556.29.

The 50-day Exponential Moving Average (EMA) sits at $2,615.77, reinforcing the current support level near $2,610. The Relative Strength Index (RSI) is at 53, indicating a neutral market stance, with a slight bullish bias.

A break above $2,633.23 would open the door to further gains, potentially targeting the next resistance at $2,651.64. Conversely, if gold fails to hold above $2,610, it could test lower support levels, with $2,588.03 acting as a critical point of defense.

Traders should remain cautious with thin holiday liquidity, as it can amplify market moves. A sustained breach above $2,610 is likely to sustain upward momentum, while a failure to maintain support could lead to a retracement toward lower levels.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2610

Take Profit – 2633

Stop Loss – 2595

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$2300/ -$1500

Profit & Loss Per Mini Lot = +$230/ -$150

Daily Price Outlook

- AUD/USD hovers near $0.62451, consolidating around the $0.62762 pivot.

- Immediate resistance at $0.63375 and support at $0.61761.

- RSI at 49 indicates neutral momentum; price action will define direction.

The AUD/USD pair remains under pressure, trading at $0.62451, a slight decline of 0.03%. The pair is currently hovering near the pivot point of $0.62762, which will play a crucial role in determining the short-term trend.

Immediate resistance is found at $0.63375, with additional resistance levels at $0.63899 and $0.64509. On the downside, immediate support is located at $0.61761, with further critical support at $0.61232 and $0.60746.

The 50-day Exponential Moving Average (EMA) stands at $0.62502, closely aligned with the current price, suggesting consolidation in this range. The Relative Strength Index (RSI) at 49 indicates neutral momentum, with no clear bias toward either direction.

A break above the $0.62762 pivot point could see the pair testing higher resistance levels, while a failure to hold above support may trigger further downside movement, with the next support target at $0.61761.

Traders should be cautious as market volatility remains heightened, particularly during the holiday season with reduced liquidity. A sustained break above $0.62762 could shift the bias towards the upside, while a dip below $0.61761 might lead to further declines toward $0.61232.

AUD/USD - Trade Ideas

Entry Price – Sell Limit 0.62753

Take Profit – 0.62753

Stop Loss – 0.63391

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$1000/ -$638

Profit & Loss Per Mini Lot = +$100/ -$63

Daily Price Outlook

- USD/CAD remains near $1.43750, testing key pivot at $1.43872.

- Immediate resistance at $1.44635 and support at $1.43228.

- RSI at 47 indicates neutral momentum; price action will dictate future direction.

The USD/CAD pair remains under modest downward pressure, trading at $1.43750, a slight decrease of 0.01%.

The key pivot point for this pair is at $1.43872, which will be critical in determining the next move. Immediate resistance is located at $1.44635, with subsequent resistance levels at $1.45197 and $1.45741.

On the downside, immediate support is found at $1.43228, followed by $1.42559 and $1.41957.

The 50-day Exponential Moving Average (EMA) is at $1.43833, very close to the current price, signaling a consolidation phase.

The Relative Strength Index (RSI) at 47 suggests neutral market sentiment, with neither bulls nor bears having a clear advantage.

A sustained break above $1.43872 could push the price toward higher resistance levels, whereas a failure to hold above immediate support at $1.43228 may lead to further declines towards the next key support at $1.42559.

USD/CAD - Trade Ideas

Entry Price – Sell Limit 1.43869

Take Profit – 1.43210

Stop Loss – 1.44354

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$659/ -$485

Profit & Loss Per Mini Lot = +$65/ -$48

Daily Price Outlook

- Immediate Resistance: $1.26620; Next: $1.27292, $1.27819.

- Immediate Support: $1.25375; Next: $1.24764, $1.24237.

- RSI at 50 and 50 EMA at $1.26110 suggest a neutral to bearish outlook.

GBP/USD is trading at $1.25689, up 0.04%, as the pair consolidates below the $1.26021 pivot point, reflecting a cautious tone.

The pair faces immediate resistance at $1.26620, with higher barriers at $1.27292 and $1.27819, signaling a challenging path for bulls amid a neutral market sentiment.

The 50 EMA at $1.26110 hovers above the current price, adding to downward pressure, while the RSI at 50 highlights indecision in momentum.

On the downside, immediate support lies at $1.25375, with additional levels at $1.24764 and $1.24237, reinforcing a bearish bias if these levels are breached.

The broader trend remains under pressure as the pair struggles to maintain gains above the pivot. The technical setup favors sellers, with the current price action suggesting a potential downside toward the $1.25029 take-profit target, especially if the pair fails to overcome the $1.26021 pivot point.

However, a decisive break above $1.26620 could shift momentum, opening the door to further gains.

Sell-limit orders below $1.25819 are preferred, with a target of $1.25029 and a stop-loss at $1.26415. Key resistance above $1.26620 needs monitoring for a potential reversal.

GBP/USD - Trade Ideas

Entry Price – Sell Limit 1.25819

Take Profit – 1.25029

Stop Loss – 1.26415

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$790/ -$596

Profit & Loss Per Mini Lot = +$79/ -$59

Daily Price Outlook

- Immediate Resistance: $1.04799; Next: $1.05318, $1.05677.

- Immediate Support: $1.03865; Further levels: $1.03430, $1.03033.

- RSI at 57 and 50 EMA at $1.04313 suggest neutral momentum.

EUR/USD is trading at $1.04331, marginally up 0.04%, showing consolidation below the $1.04455 pivot point.

The immediate resistance is seen at $1.04799, with additional hurdles at $1.05318 and $1.05677, which align with Fibonacci retracement levels, suggesting potential for a short-term rally if these levels are breached.

On the downside, immediate support lies at $1.03865, with further levels at $1.03430 and $1.03033 providing a robust safety net.

The RSI at 57 indicates neutral-to-bullish momentum, but the pair is struggling to gain traction above its 50 EMA at $1.04313, signaling a lack of decisive trend direction.

The broader trend remains bearish as long as EUR/USD trades below the $1.04799 pivot point. Sellers dominate the market, with price action reflecting caution amid lingering uncertainty in the Eurozone and USD dynamics.

A move below $1.04449 could accelerate declines toward the $1.03853 take-profit target, while a sustained break above $1.04799 would shift momentum to the upside.

Sell positions are favored below $1.04449, targeting $1.03853, with a stop-loss at $1.04927. Watch for a breakout above $1.04799 to reassess sentiment.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.04449

Take Profit – 1.03853

Stop Loss – 1.04927

Risk to Reward – 1: 1.25

Profit & Loss Per Standard Lot = +$596/ -$478

Profit & Loss Per Mini Lot = +$59/ -$47

Daily Price Outlook

- Immediate Resistance: $2,642.56; Next targets: $2,658.33, $2,674.87.

- Immediate Support: $2,607.53; Key levels below: $2,593.83, $2,583.93.

- RSI at 60 and 50 EMA at $2,622.84 signal bullish momentum.

Gold (XAU/USD) is trading at $2,630.70, up 0.27% as it consolidates gains following a steady recovery. The price action remains supported by the $2,620.64 pivot point, while the 50 EMA at $2,622.84 provides dynamic support, reinforcing the bullish sentiment.

The immediate resistance lies at $2,642.56, aligning with the first target for short-term buyers. A breakout above this level could propel gold toward the next resistance at $2,658.33, with a further push targeting $2,674.87.

On the downside, immediate support rests at $2,607.53, with additional layers at $2,593.83 and $2,583.93 providing a safety net for bulls.

The RSI at 60 indicates moderate bullish momentum, but the market requires a decisive move above $2,642.56 to maintain the uptrend.

The broader outlook is cautiously optimistic as geopolitical risks and USD fluctuations continue to shape market sentiment.

Traders are eyeing the upcoming resistance zones, as breaking through these levels could spark accelerated gains.

On the flip side, a breach below $2,620.64 may trigger a pullback, with downside risks increasing if prices dip below the $2,607.53 support.

Gold's technical setup favors buying opportunities above $2,626, with a take-profit target of $2,642 and a stop-loss at $2,614.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2626

Take Profit – 2642

Stop Loss – 2614

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$1600/ -$1200

Profit & Loss Per Mini Lot = +$160/ -$120

Daily Price Outlook

- Immediate resistance stands at $1.04220; a breakout could target $1.04550.

- Support levels at $1.03151 and $1.02840 are crucial for downside protection.

- RSI at 42 hints at mild bearish momentum, while the 50 EMA at $1.04073 caps the upside.

The EUR/USD pair is trading at $1.03698, marking a modest gain of 0.12% on the day, as it consolidates near the $1.03435 pivot point on the 4-hour chart. Immediate resistance is situated at $1.04220, with the next barriers at $1.04550 and $1.04800.

A break above these levels could solidify bullish momentum, setting the stage for further gains. Conversely, support lies at $1.03151, with deeper levels at $1.02840 and $1.02557 providing a safety net against extended losses.

Technical indicators are mixed, with the RSI at 42 indicating slight bearish bias, yet not fully oversold. Meanwhile, the 50 EMA at $1.04073 suggests downward pressure in the short term, as the price remains below this key moving average.

A decisive close above the pivot point at $1.03920 and the 50 EMA would shift sentiment to bullish, targeting the immediate resistance levels.

A cautious trading strategy is advised in this consolidation phase. Traders might consider buying near $1.03435, targeting $1.04038, with a stop loss at $1.03157.

A successful break above $1.04220 could pave the way for additional upside toward $1.04550, while failure to hold $1.03151 could signal bearish continuation.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.03436

Take Profit – 1.04038

Stop Loss – 1.03157

Risk to Reward – 1: 2.1

Profit & Loss Per Standard Lot = +$602/ -$279

Profit & Loss Per Mini Lot = +$60/ -$27

Daily Price Outlook

- SPX trades near $5919.77 pivot, with resistance at $6005.28 and support at $5852.81.

- RSI at 26 signals oversold conditions, but the bearish trend persists below the 50 EMA at $6032.28.

- Break below $5852.81 may trigger further losses; recovery above $6005.28 needed for bullish reversal.

The S&P 500 Index (SPX) is trading at $5867.07, reflecting a slight dip of 0.09% in today’s session. The index is consolidating near the $5919.77 pivot point on the 4-hour chart, signaling cautious sentiment among traders.

Immediate resistance lies at $6005.28, with further barriers at $6070.88. A sustained breakout above these levels could reverse the recent downward trajectory, with bullish momentum targeting higher highs.

On the downside, immediate support is found at $5852.81, with critical levels at $5804.87 and $5754.58.

Technical indicators lean bearish, with the RSI at 26 indicating oversold conditions. While this could suggest a short-term bounce, the price remains below the 50 EMA at $6032.28, reinforcing the overall bearish bias.

A decisive break below $5852.81 could accelerate selling pressure, testing deeper support levels. Conversely, recovery above the pivot at $5919.77 is necessary to regain upward traction.

Traders should consider a cautious strategy amid this oversold scenario. A sell limit around $5908, targeting $5837 with a stop loss at $5940, aligns with the bearish outlook.

A move below $5804.87 would confirm further downside potential, while a recovery above $6005.28 could negate the bearish trend.

S&P 500 - Trade Ideas

Entry Price – Sell Limit 5908

Take Profit – 5837

Stop Loss – 5940

Risk to Reward – 1: 2.2

Profit & Loss Per Standard Lot = +$710/ -$320

Profit & Loss Per Mini Lot = +$71/ -$32