Daily Price Outlook

- EUR/USD holds firm above $1.1013, maintaining bullish structure

- RSI above 70 signals strong buying, though overbought

- Price target remains $1.1220, with support at $1.0893

The EUR/USD pair is advancing firmly, trading around $1.1062 after clearing the key psychological resistance at $1.1013. This breakout has reinforced bullish momentum, aided by a strong RSI reading of 72.24, which reflects overbought conditions but also sustained demand.

The pair is comfortably positioned above the 50-day SMA at $1.0626, with price action trending well within an ascending channel.

Immediate resistance is seen at $1.1147, with bulls eyeing extended targets at $1.1220 and $1.1286. On the downside, a break below $1.1013 would shift focus to $1.0943 and $1.0893, while $1.0783 serves as a deeper support level. Despite overbought RSI, the bullish structure remains intact unless $1.1013 is breached to the downside.

As long as EUR/USD holds above its pivot, momentum favors continued upside—particularly if macro data supports the euro or weakens the dollar.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.10127

Take Profit – 1.12214

Stop Loss – 1.08934

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$2087/ -$1193

Profit & Loss Per Mini Lot = +$208/ -$119

Daily Price Outlook

- Gold finds support above $3,090, holding within a rising channel.

- A break above $3,123 may target $3,148 and $3,167 resistance.

- Momentum remains cautious; watch RSI and 50 EMA for confirmation.

Gold continues to trade within a rising channel, showing signs of stabilization after recent volatility. The current price of $3,103.86 reflects a modest rebound from a key intraday low, finding support just above the pivot point at $3,090. With price now holding slightly above that level, bulls are attempting to reclaim control, though momentum remains cautious.

Immediate resistance is seen at $3,123, a level that aligns closely with the 50-period EMA at $3,121.96. A decisive break above this zone would expose $3,148 and $3,167, areas that previously capped upward movement. On the downside, $3,087 and $3,066 represent the next supports, with a sharper decline potentially targeting the channel's lower trendline near $3,054.

The RSI is currently at 45.80, suggesting neutral momentum after a pullback from overbought territory. This aligns with the recent correction, though the broader structure remains bullish as long as gold holds above the trendline and $3,066 support.

Technically, a buy signal is favored above $3,090, with a suggested take-profit at $3,123 and a protective stop-loss at $3,066. A close above the $3,123 resistance would likely validate a continuation toward the $3,148–$3,167 zone. Until then, traders should watch for price action clarity near the 50 EMA to confirm trend strength.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3090

Take Profit – 3123

Stop Loss – 3066

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$3300/ -$2400

Profit & Loss Per Mini Lot = +$330/ -$240

Daily Price Outlook

- SPX trades below 5,494, reinforcing bearish sentiment.

- RSI indicates oversold conditions but no rebound yet.

- Bearish setup targets 5,291 with resistance near 5,640.

The S&P 500 is extending its corrective decline, slipping 0.86% to trade near 5,396.51 following a rejection below 5,640 resistance and a firm breakdown beneath the 5,494 pivot.

The price action has carved out a clear descending channel, with the index now approaching key support at 5,341.70. A breach below this level would expose the next bearish target at 5,291, reinforcing a negative technical bias in the short term.

Adding to the cautious tone is the RSI, currently hovering at 29.56—deep in oversold territory, but not yet signaling a reversal. The index continues to trade well below the 50-period SMA at 5,675, a level that also aligns with the upper bound of the descending trendline. Any bounce from current levels is likely to face strong resistance at 5,494 and then 5,640.

The broader structure suggests the market remains vulnerable to further downside, particularly if macroeconomic risks persist or if investors react negatively to upcoming job or inflation data. A bearish setup remains valid as long as SPX stays below 5,492, with a downside target at 5,291 and a stop loss at 5,641.

S&P 500 - Trade Ideas

Entry Price – Sell Below 5492

Take Profit – 5291

Stop Loss – 5641

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2010/ -$1490

Profit & Loss Per Mini Lot = +$201/ -$149

Daily Price Outlook

- USD/JPY breaks rising channel, tests oversold levels

- RSI near 30 supports potential bounce from ¥146.60

- Reclaiming ¥148.095 could revive bullish sentiment

The U.S. dollar is rebounding modestly against the Japanese yen after a sharp intraday sell-off that broke decisively below the rising channel structure.

The pair fell from above ¥149, slicing through key support at ¥148.095 and triggering a steep drop toward a local low near ¥146.80. The price now sits just above the buy-entry zone at ¥146.607, where dip buyers may attempt to regain short-term control.

Technical damage has been done with the break below the 50-period SMA at ¥149.457, shifting the short-term bias to bearish.

However, momentum indicators suggest the decline may be overextended. The RSI currently reads 30.60, indicating the pair has reached oversold territory. If ¥146.607 holds, a recovery toward ¥148.655 is possible, in line with the previously tested support-turned-resistance level.

Below ¥146.607, further downside could accelerate toward the stop loss zone at ¥145.654. A break of this level may expose deeper levels at ¥144.979 and ¥144.226.

Conversely, a bullish reversal above ¥148.095 would shift the tone, reopening the path toward the 50-SMA at ¥149.457. Entry above ¥146.607 favors a rebound toward ¥148.655. Stop loss placed at ¥145.654 to manage downside exposure.

USD/JPY - Trade Ideas

Entry Price – Buy Above 146.607

Take Profit – 148.655

Stop Loss – 145.654

Risk to Reward – 1: 2.1

Profit & Loss Per Standard Lot = +$2048/ -$953

Profit & Loss Per Mini Lot = +$204/ -$95

Daily Price Outlook

- Gold trades within a rising channel, pivoting near $3,111 support

- RSI signals weakening momentum but no clear breakdown yet

- Break above $3,144 may expose $3,167 and channel top at $3,184

Gold continues to consolidate within a rising parallel channel, with price action testing support near the channel’s lower boundary around $3,111.

This level also coincides with the key pivot point, providing a critical juncture for short-term market direction. Price is currently hovering just below the 50-period Simple Moving Average (SMA), which is positioned at $3,128.34—acting as dynamic resistance in the current structure.

On the upside, immediate resistance sits at $3,144. A breakout above this level would signal renewed bullish momentum, exposing higher resistance targets at $3,148 and $3,167.

Beyond that, the next bullish target stands at $3,184, where the upper boundary of the channel may curb further gains. On the downside, a failure to hold $3,111 would likely invite fresh selling pressure, targeting $3,096 and $3,084 as next support zones.

The RSI is currently at 44.32, signaling weakening momentum after recently retreating from overbought territory.

The bearish divergence between price highs and RSI peaks suggests some fatigue among buyers. Still, the bullish channel remains valid, and traders are closely watching the $3,111 level as a potential re-entry point.

Bullish bias remains intact above $3,111. A long position from $3,111 with a target at $3,144 and stop loss at $3,096 offers a favorable risk-reward.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3111

Take Profit – 3144

Stop Loss – 3096

Risk to Reward – 1: 2.2

Profit & Loss Per Standard Lot = +$3300/ -$1500

Profit & Loss Per Mini Lot = +$330/ -$150

Daily Price Outlook

- AUD/USD trades within a tightening triangle pattern

- $0.62650 serves as key technical pivot and entry level

- Break above $0.63130 could trigger broader upside momentum

The Australian dollar is trading near $0.6299, showing signs of bullish momentum after rebounding from the $0.62650 support zone.

This level, which aligns with the ascending trendline and previous demand area, has proven to be a key pivot in recent sessions.

The 50-period SMA at $0.62868 is now being tested as near-term support after a strong upward move that briefly reached resistance at $0.63130.

Price action remains compressed within a broader symmetrical triangle pattern, with lower highs forming against a gradually rising support base.

A break above $0.63130 would signal renewed bullish control, potentially targeting the next resistance levels at $0.63406 and $0.63634.

On the downside, a sustained move below $0.62650 would expose deeper supports at $0.62333 and $0.62255. If breached, this could trigger a broader breakdown toward the base of the pattern near $0.61973.

The RSI at 55.39 shows mild bullish momentum, holding above its moving average. However, traders should watch for a confirmed close above $0.63130 before anticipating any significant upside extension.

Entry above $0.62650 remains valid while price holds trendline support. Targets lie near $0.63130 with a protective stop at $0.62333.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62650

Take Profit – 0.63130

Stop Loss – 0.62333

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$480/ -$317

Profit & Loss Per Mini Lot = +$48/ -$31

Daily Price Outlook

- Gold holds above the key $3,111 pivot, sustaining bullish bias.

- RSI recovery signals potential for a continuation move.

- Buy setup confirmed above $3,111 with target at $3,144.

Gold (XAU/USD) is maintaining its broader uptrend, holding within a well-defined ascending channel. After a brief correction that saw prices dip to an intraday low of $3,112.21, the metal has rebounded and is currently trading near $3,125.00.

The bullish structure remains intact as long as gold sustains above the 50-period EMA at $3,097.88. The recent pullback found support just above the $3,100.00 handle—a level that aligns with both the lower band of the channel and the 23.6% Fibonacci retracement from the late-March rally.

The pivot point sits at $3,112.21, a critical zone where buyers have returned repeatedly. Immediate resistance is seen at $3,144.00, followed by a stronger ceiling at $3,148.62.

A breakout above this area could open the path toward the next resistance at $3,165.66. On the downside, key support rests at $3,100.07, with additional cushions forming at $3,094.00 and $3,079.05.

The Relative Strength Index (RSI) is currently at 55.86, recovering from oversold territory and suggesting renewed bullish momentum, although not yet signaling overbought conditions.

The 50 EMA at $3,097.88 is sloping upward, reinforcing the short-term bullish bias, while price action remains comfortably above the psychological support at $3,100.

As long as XAU/USD holds above $3,111.00, the risk remains tilted to the upside. Traders may consider long positions above this level with a target at $3,144.00 and a protective stop at $3,094.00. Failure to hold above $3,100.00, however, could trigger a broader correction.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3111

Take Profit – 3144

Stop Loss – 3094

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$3300/ -$1700

Profit & Loss Per Mini Lot = +$330/ -$170

Daily Price Outlook

- EUR/USD is holding just above breakout support at $1.0787.

- RSI rebound and trendline break hint at recovery potential.

- Entry confirmed above $1.0787, target set at $1.0848, stop at $1.0757.

EUR/USD is attempting to stabilize above the $1.0787 mark, a key level near the breakout zone of a descending channel that had previously capped upside momentum throughout March.

Price action is currently consolidating near the 50-period SMA, which sits at $1.0803, acting as dynamic resistance. The RSI has improved modestly to 47.96, suggesting neutral momentum with a slight bullish tilt as it creeps back toward the 50 line.

The pair recently bounced from a low of $1.0740, which held as a critical support area. A confirmed break above the $1.0787 pivot opens the door toward $1.0848—yesterday’s high and the next major resistance.

The short-term structure shows buyers gradually reclaiming lost ground, but sustained bullish momentum requires a clean move above the 50-SMA and break of the recent high.

On the downside, $1.0784 acts as immediate support, followed by the stop-loss buffer at $1.0757 and a more significant support zone at $1.0733. Any breach below these levels would signal weakness and could reignite bearish pressure.

The EUR/USD outlook remains cautiously bullish if price sustains above $1.0787. A break higher could expose $1.0848, while failure risks another dip toward $1.0757.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.07877

Take Profit – 1.08485

Stop Loss – 1.07579

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$608/ -$298

Profit & Loss Per Mini Lot = +$60/ -$29

Daily Price Outlook

- GBP/USD hovers above trendline support at $1.2909.

- Momentum lacks conviction; RSI near midline.

- Bullish trigger lies above $1.2909, targeting $1.2966.

GBP/USD is consolidating just above the $1.2909 threshold, testing trendline support while trading slightly below the 50-SMA at $1.2932.

The pair’s structure is largely range-bound, with repeated attempts to break above $1.2972 meeting firm resistance.

Today’s price action remains cautious as traders await fresh macro catalysts. The RSI stands at 48.50, signaling indecision with a slight bearish divergence against recent higher lows in price.

A break and sustained move above the entry trigger at $1.2909 could initiate a recovery toward $1.2966, which marks the top of the recent range and immediate resistance.

The bullish case is supported by a confluence of support levels, including rising trendline support from the March lows and the psychological zone near $1.2874.

However, any failure to hold the $1.2874 level would likely expose $1.2843 and potentially $1.2813, reintroducing a bearish bias in the near term.

The technical bias remains neutral-to-bullish above $1.2909. A breakout above $1.2932 could lift the pair toward $1.2966, while a drop below $1.2874 would negate the setup.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.29098

Take Profit – 1.29660

Stop Loss – 1.28731

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$562/ -$367

Profit & Loss Per Mini Lot = +$56/ -$36

Daily Price Outlook

- AUD/USD rejected from descending trendline and 50-SMA near $0.6290

- RSI confirms bearish momentum under 50

- Breakdown below $0.6250 could target $0.6218 in the near term

The Australian Dollar remains under sustained selling pressure, with AUD/USD extending its downside drift below the 50-period simple moving average and clinging to the lower bounds of a descending trend channel.

After failing to sustain gains above the $0.6290 region, price broke below the key $0.6289 SMA and is now positioned precariously near short-term support at $0.6250. The inability to retake the upper trendline or the moving average reflects persistent bearish sentiment.

The recent rejection from the $0.6330 resistance—coupled with the channel breakdown—points to an increasing probability of continuation toward the next key horizontal support at $0.6217.

Momentum indicators reinforce the bearish outlook: the RSI is hovering at 41.30, below the midline and signaling weak upside momentum, while the price remains capped under a firm downtrend line that has held since March 19.

A confirmed breach below $0.6250 could accelerate losses toward the $0.6218 and $0.6188 support levels. Meanwhile, resistance continues to stack at $0.6291 and $0.6330, with any rebounds likely to be short-lived unless the pair closes decisively above the falling trendline and 50-SMA.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62911

Take Profit – 0.62176

Stop Loss – 0.63294

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$735/ -$383

Profit & Loss Per Mini Lot = +$73/ -$38