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 $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

- 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

Daily Price Outlook

- Resistance Levels: Immediate resistance at 6011.99, with higher targets at 6099.55.

- Support Zones: Key support at 5770.88, followed by 5696.90 and 5617.62.

- Technical Indicators: RSI at 38 reflects oversold conditions, while the 50-day EMA at 5970.89 highlights bearish momentum.

The S&P 500 (SPX) is trading at 5868.56, down 0.22%, as it struggles to recover above its pivot point of 5933.60.

The index remains under bearish pressure, with immediate resistance levels at 6011.99 and 6099.55.

On the downside, critical support levels are at 5770.88, 5696.90, and 5617.62, which may help stabilize the index if selling pressure persists.

Technical indicators suggest cautious sentiment. The RSI at 38 indicates oversold conditions, potentially attracting short-term buyers, though a sustained reversal remains uncertain. The 50-day EMA at 5970.89 acts as a key resistance level, reflecting the ongoing downward bias.

A move above the immediate support at 5770.88 could shift the outlook toward consolidation.

However, for a decisive shift to bullish momentum, the SPX must break and sustain above the pivot point at 5933.60. Failure to hold support at 5770.88 may lead to extended losses toward 5696.90 or lower.

S&P 500 - Trade Ideas

Entry Price – Buy Above 5835

Take Profit – 5936

Stop Loss – 5768

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$1010/ -$670

Profit & Loss Per Mini Lot = +$101/ -$67

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

- Resistance Levels: Immediate resistance at $2,651.73; next at $2,665.31.

- Support Zones: Key supports at $2,610.53 and $2,593.70.

- Technical Indicators: RSI at 67 signals bullish momentum, but nearing overbought; 50 EMA at $2,621.94 supports short-term strength.

Gold (XAU/USD) is trading at $2,634.10, marking a 0.38% gain in the last session as bullish momentum persists. On the 4-hour chart, the pivot point at $2,639.79 serves as a critical level. Immediate resistance is positioned at $2,651.73, followed by $2,665.31.

On the downside, support levels are observed at $2,610.53, $2,593.70, and $2,577.23. A break above $2,639.79 could signal continued upside, while failure to sustain this level may invite selling pressure.

Technical indicators reflect a positive bias. The RSI at 67 approaches overbought territory, hinting at strong bullish sentiment but cautioning against possible consolidation.

Gold trades above its 50 EMA at $2,621.94, reinforcing short-term upward momentum. However, the 200 EMA at $2,639.79 aligns closely with the pivot point, underscoring its significance as a decisive threshold.

The immediate outlook suggests that a move above $2,651.73 could attract further buying, targeting $2,665.31. Conversely, a failure to hold above $2,639.79 may lead to a test of the $2,610.53 support level, potentially extending to $2,593.70. Traders are advised to monitor volume and RSI levels for clearer directional cues.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2626

Take Profit – 2650

Stop Loss – 2616

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$2400/ -$1000

Profit & Loss Per Mini Lot = +$240/ -$100

Daily Price Outlook

- Resistance Levels: Immediate resistance at 158.065; next at 158.742 and 159.672.

- Support Zones: Key support at 155.965; deeper levels at 155.004 and 154.152.

- Technical Indicators: RSI at 40 shows bearish momentum; price below 50 EMA at 157.404 signals continued downside pressure.

USD/JPY is trading at 156.743, down 0.36% in the last session, reflecting continued selling pressure. On the 4-hour chart, the pivot point is positioned at 157.401, serving as a critical level for directional movement.

Immediate resistance is noted at 158.065, followed by stronger hurdles at 158.742 and 159.672. On the downside, key support levels are seen at 155.965, 155.004, and 154.152, offering protection against deeper declines.

The Relative Strength Index (RSI) at 40 signals bearish momentum but suggests the pair is approaching oversold territory, which may limit further downside in the short term. The 50 EMA at 157.404 indicates that USD/JPY is trading below its short-term trend, reinforcing a bearish outlook.

A break below the immediate support at 155.965 could accelerate selling pressure toward 155.004. Conversely, a move above the pivot point at 157.401 may attract buyers, targeting resistance at 158.065.

Overall, the pair’s trajectory remains influenced by technical levels, with a cautious approach advised near the pivot. Traders should watch for decisive moves either above 157.401 for bullish momentum or below 155.965 for further declines.

USD/JPY - Trade Ideas

Entry Price – Buy Above 156

Take Profit – 157.850

Stop Loss – 155

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1850/ -$1000

Profit & Loss Per Mini Lot = +$185/ -$100

Daily Price Outlook

- Resistance Levels: Immediate resistance at $0.62755; next at $0.63058 and $0.63393.

- Support Zones: Key support at $0.61845; further levels at $0.61496 and $0.61208.

- Technical Indicators: RSI at 46 signals neutrality; price below 50 EMA at $0.62185 supports bearish momentum.

The AUD/USD pair is trading at $0.62044, up 0.24% in the last session, showing a modest recovery from recent lows. The 4-hour chart positions the pivot point at $0.62433, serving as a key level for traders.

Immediate resistance is seen at $0.62755, followed by $0.63058 and $0.63393, highlighting potential upside targets. On the downside, key support levels are positioned at $0.61845, $0.61496, and $0.61208, providing safety nets against selling pressure.

The Relative Strength Index (RSI) at 46 suggests a neutral stance, signaling room for directional moves. The 50 EMA at $0.62185 reinforces a short-term bearish bias as the price remains below this level.

A sustained move below the $0.62203 entry point may trigger additional selling, with a potential target at $0.61693. Conversely, a break above $0.62433 could open the door to a recovery, targeting the $0.62755 resistance zone.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62203

Take Profit – 0.61693

Stop Loss – 0.62538

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$510/ -$335

Profit & Loss Per Mini Lot = +$51/ -$33

Daily Price Outlook

- Resistance Levels: Immediate resistance at $2,638.91; higher barriers at $2,651.73 and $2,665.31.

- Support Zones: Key support at $2,593.70, with deeper levels at $2,577.23 and $2,561.89 offering stability.

- Momentum Indicators: RSI at 58 shows moderate bullishness; price holds above the 50 EMA at $2,620.66, signaling near-term strength.

Gold (XAU/USD) is trading at $2,624.26, marking a modest 0.71% gain, as cautious optimism prevails in the precious metals market.

On the 4-hour chart, the pivot point at $2,626.95 is pivotal for defining short-term momentum. Immediate resistance stands at $2,638.91, followed by $2,651.73 and $2,665.31.

On the downside, immediate support lies at $2,593.70, with deeper levels at $2,577.23 and $2,561.89, providing crucial stability if bearish sentiment intensifies.

Gold's technical indicators offer mixed signals. The RSI is at 58, indicating moderate bullish momentum, while the price holds above the 50 EMA at $2,620.66, suggesting near-term strength.

However, the market faces resistance near $2,638.91, making this a critical threshold for further upward movement.

A sustained break above this level could open the path toward higher resistance zones, while failure to breach may reinforce a consolidation or bearish retracement.

Traders should monitor the $2,626.95 pivot point closely, as a decisive move below this level could trigger bearish sentiment, with potential targets at $2,605 and $2,593.70.

Conversely, a break above $2,638.91 would likely attract buyers, setting the stage for further gains.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2626

Take Profit – 2605

Stop Loss – 2639

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2100/ -$1300

Profit & Loss Per Mini Lot = +$210/ -$130