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

Daily Price Outlook

- Gold remains inside a strong ascending channel, with bullish bias intact above $3,127.

- RSI cooling from highs suggests consolidation, not reversal.

- A break above $3,148 may trigger upside toward $3,165 and $3,185.

Gold prices remain firmly bid, holding within a well-defined ascending channel that has underpinned the bullish trend since March 25.

The metal continues to find strong dip-buying interest, with the recent pullback stalling above the $3,127 pivot point—coinciding with the lower boundary of the bullish channel and offering technical validation for near-term support.

Despite a minor correction from intraday highs around $3,148, gold bulls appear to be defending the structure, and the broader uptrend remains intact barring a breakdown below $3,110.

The Relative Strength Index (RSI) has cooled to 58.93 from overbought territory, signaling a pause in momentum rather than a trend reversal.

Meanwhile, the 50-period SMA at $3,106.56 continues to track closely below price, reinforcing the strength of the underlying trend and providing dynamic support.

A confirmed move above $3,148 could open the door toward $3,165 and potentially challenge the $3,185 level, where previous supply zones could re-emerge.

Conversely, a break below $3,127 may signal further profit-taking, exposing $3,110 and $3,099 as next downside targets.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3127

Take Profit – 3160

Stop Loss – 3110

Risk to Reward – 1: 1.9

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

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

Daily Price Outlook

- Gold breaks above $3,077, confirming short-term bullish momentum.

- RSI at 66.95 suggests room for further upside without overextension.

- Channel support and SMA alignment keep the bias bullish unless $3,065 fails.

Gold continues to extend its bullish trajectory, with XAU/USD trading at $3,085.34 after breaking above the short-term pivot at $3,077.

The move confirms bullish continuation within a well-established ascending channel, as buyers maintain control despite broader macroeconomic uncertainties.

The recent breakout is supported by favorable momentum and strong trend structure, reinforcing the case for additional upside toward $3,105 and potentially $3,118.82.

The 50-period Simple Moving Average, currently at $3,037.63, has provided consistent dynamic support, aligning with the channel's lower boundary.

The Relative Strength Index (RSI) holds at 66.95, suggesting momentum remains healthy without tipping into extreme overbought territory.

A potential trade setup emerges with a buy entry above $3,077, targeting $3,105 as the primary resistance, with a stop loss set at $3,065. This configuration offers a compelling risk-to-reward ratio of approximately 1:2.3.

As long as the price holds above $3,070, the bias remains firmly bullish. However, any drop below the $3,065 support could trigger a short-term correction toward $3,055 and possibly $3,037.

This technical structure continues to favor the bulls, supported by rising moving averages, solid channel support, and a well-behaved RSI.

Traders should monitor price action closely near the $3,105 resistance, as a break above this level could open the door to fresh highs toward $3,118.82.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3077

Take Profit – 3105

Stop Loss – 3065

Risk to Reward – 1: 2.3

Profit & Loss Per Standard Lot = +$2800/ -$1200

Profit & Loss Per Mini Lot = +$280/ -$120

Daily Price Outlook

- EUR/USD breaks above descending channel and 50 EMA

- RSI at 61.78 confirms bullish momentum

- Price structure favors buying above $1.08120 with $1.08849 target

The euro is showing signs of a trend reversal after a decisive breakout above the descending channel that had constrained price action since mid-March.

Trading at $1.08217, EUR/USD has cleared the key pivot level of $1.08120, signaling renewed bullish interest and a potential shift in short-term market sentiment.

The move comes after a sharp rebound from the $1.07585 level, backed by a breakout above the 50-period SMA ($1.07913), now acting as dynamic support.

The recent rally is technically significant, as it follows weeks of downward momentum and coincides with a strong RSI rebound.

The Relative Strength Index currently reads 61.78, pointing to growing bullish momentum without yet entering overbought territory.

Traders are eyeing a move toward the next resistance levels at $1.08544 and $1.08849, with extended upside potential toward $1.09177.

The setup favors a continuation higher, particularly if EUR/USD holds above the $1.08120 pivot. A failure to maintain this breakout level could lead to a retest of $1.07585 and, if breached, expose support at $1.07214 and $1.06780.

For now, however, the price structure favors buying dips, with the breakout confirmed by both price action and momentum.

A favorable risk-reward setup is evident for long positions entered above $1.08120, targeting $1.08849, with a stop loss below $1.07585.

The shift in structure and the break above the channel suggest further gains are likely, barring any major macro-driven dollar strength.

EUR/USD has confirmed a bullish breakout above $1.08120. The trend favors upside toward $1.08849, while $1.07585 remains key support to protect the bias.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.08120

Take Profit – 1.08849

Stop Loss – 1.07585

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$729/ -$535

Profit & Loss Per Mini Lot = +$72/ -$53

Daily Price Outlook

- GBP/USD rejected from descending trendline near $1.29582

- RSI below 50 shows waning bullish strength

- Breakdown below $1.29187 favors a move toward $1.28670

The British pound is once again testing the lower end of a narrow consolidation zone as GBP/USD slips to $1.29331.

Price action remains range-bound below the descending trendline extending from the March high, with bearish pressure mounting as the pair struggles to reclaim the $1.29582 resistance.

The pair is now hovering just above a key pivot zone at $1.29187—an area that, if broken, could shift momentum firmly in favor of the bears.

The setup favors a short position below $1.29187, targeting $1.28670 as the next support, with a protective stop placed at $1.29582.

This configuration offers a risk-reward ratio of approximately 1:2, ideal for short-term positioning in a market that remains technically indecisive.

RSI currently reads 48.36—below the neutral midpoint—indicating fading bullish momentum and the potential for a deeper pullback if price closes below support.

The 50-period Simple Moving Average sits at $1.29286 and is now flatlining, suggesting a loss of directional bias.

However, a break below the moving average and horizontal support could open the door to further downside toward $1.28300.

Meanwhile, bulls would need to clear $1.29704 to invalidate the bearish scenario and shift momentum higher toward $1.30143.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.29187

Take Profit – 1.28670

Stop Loss – 1.29582

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$517/ -$395

Profit & Loss Per Mini Lot = +$51/ -$39

Daily Price Outlook

- Gold remains bullish above $3,070, supported by a strong uptrend and 50 EMA at $3,029.

- A break above $3,089 may trigger upside toward $3,103 and $3,118.

- Support zones at $3,055 and $3,036 could absorb minor corrections.

Gold (XAU/USD) extended its rally on Friday, trading at $3,081.94 with a 0.27% gain on the day. The metal is showing continued strength as it hovers near record highs, buoyed by safe-haven flows and dovish monetary policy expectations.

Technically, gold remains firmly positioned above its key pivot point at $3,070.09, reinforcing bullish control in the short term.

The 4-hour chart reveals a sustained uptrend, supported by a rising channel and the 50-period EMA at $3,029.63.

With price action maintaining a comfortable distance above this moving average, momentum favors continued upside, provided the metal holds above immediate support at $3,055.67.

Additional support zones lie at $3,036.63 and $3,013.17—both of which could cushion any short-term pullbacks.

On the upside, immediate resistance is noted at $3,089.64. A decisive break above this level could pave the way toward $3,103.01, followed by a potential extension to $3,118.39.

The Relative Strength Index (RSI) is currently pointing upward but has yet to enter overbought territory, suggesting there is room for further gains before momentum stalls.

Gold’s bullish structure is further validated by the fact that price continues to respect both trendline and moving average support, while making higher highs and higher lows.

Traders may look to enter long positions above $3,070 with a target near $3,105, while keeping stops below $3,045 to manage downside risk.

Unless a sharp reversal breaks below $3,055, the current technical setup continues to favor buyers.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3070

Take Profit – 3105

Stop Loss – 3045

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$3500/ -$2500

Profit & Loss Per Mini Lot = +$350/ -$250

Daily Price Outlook

- S&P 500 holds firm above 5673.60 pivot and 50 EMA at 5660.75.

- Resistance levels: 5784.91, 5865.56, and 5968.80.

-  Support zones: 5606.24, 5506.10, and 5407.38.

The S&P 500 is trading at 5693.32, up 0.05%, continuing its slow grind higher as equity markets digest macroeconomic cues. The index remains above its key pivot point at 5673.60, supported by the 50-period Exponential Moving Average (EMA) at 5660.75.

This alignment signals continued bullish momentum in the short term, with traders maintaining confidence in the broader trend.

Immediate resistance is seen at 5784.91. A sustained break above this level could open the door to further upside toward 5865.56 and potentially 5968.80.

The overall price structure remains bullish, with the index trading within an upward channel on the 4-hour timeframe. While the relative strength index (RSI) hints at slightly overbought conditions, there is no immediate sign of reversal.

On the downside, support is found at 5606.24. A breach below this level may prompt a corrective pullback toward 5506.10, followed by deeper support near 5407.38.

However, unless price slips below the pivot and loses the EMA support, pullbacks are likely to be viewed as buying opportunities.

For now, the path of least resistance remains to the upside. A buy-on-dip strategy above 5670 remains favorable, with a target near 5842 and a stop-loss at 5587 for risk-managed positioning.

S&P 500 - Trade Ideas

Entry Price – Buy Above 5670

Take Profit – 5842

Stop Loss – 5587

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$172/ -$830

Profit & Loss Per Mini Lot = +$17/ -$83

Daily Price Outlook

- EUR/USD remains bearish below the $1.08058 pivot, with immediate support at $1.07656.

- 50 EMA at $1.07942 reinforces downside pressure on intraday moves.

- A break below $1.07656 may open the door toward $1.07214 and $1.06790.

The EUR/USD pair is trading modestly lower at $1.07870, down 0.01% as the euro struggles to regain footing amid mixed technical signals and cautious market sentiment.

Price action remains below the pivot point at $1.08058, indicating a short-term bearish bias while the pair hovers just under the 50-period EMA at $1.07942.

The technical outlook suggests that euro bears are maintaining control for now, as the pair continues to drift within a descending channel on the 4-hour chart.

Immediate support is noted at $1.07656, a level that previously provided a short-term bounce. A sustained break below this could expose deeper support levels at $1.07214 and $1.06790.

On the upside, resistance stands at $1.08544, followed by $1.08841 and $1.09177—key areas that bulls would need to overcome to shift sentiment meaningfully.

Momentum indicators remain subdued, and without a catalyst to propel the euro above its pivot, sellers may continue to dominate.

The Relative Strength Index (RSI) remains neutral, giving neither side a definitive edge, but the broader structure favors downside as long as EUR/USD remains capped below the $1.08058 threshold.

From a tactical standpoint, a short position below $1.08052 may offer a favorable setup, with targets at $1.07406 and a stop placed near $1.08364.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08052

Take Profit – 1.07406

Stop Loss – 1.08364

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$646/ -$312

Profit & Loss Per Mini Lot = +$64/ -$31

Daily Price Outlook

- Gold holds above the $3,021 pivot and 50 EMA, reinforcing bullish momentum.

- Immediate resistance lies at $3,039, followed by $3,047 and $3,057.

- A drop below $3,005 may expose deeper support at $2,982.

Gold (XAU/USD) continues to show resilience despite modest intraday pressure, currently trading near $3,028.27.

The metal is consolidating just above its key pivot point at $3,021.46, which also aligns closely with the 50-period Exponential Moving Average (EMA) at $3,021.41. This convergence is acting as a short-term anchor, maintaining the metal’s bullish structure.

On the upside, the first resistance level is located at $3,039.33. A sustained move above this level could open the door to $3,047.18 and potentially $3,057.66, the latter of which marks last week’s high and a critical breakout point.

However, bulls need a convincing push through $3,039.33 to reassert control and challenge these higher targets.

On the downside, immediate support rests at $3,005.28. A breach here could expose gold to a deeper pullback toward $2,993.39 and $2,982.18.

These levels represent key technical defenses that have previously triggered buying interest. A close below $2,982 would indicate a breakdown from the current bullish setup.

From a trading perspective, the structure favors a tactical long position above $3,021, targeting $3,039 while maintaining a stop at $3,011 to mitigate downside risk.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3021

Take Profit – 3039

Stop Loss – 3011

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1800/ -$1000

Profit & Loss Per Mini Lot = +$180/ -$100

Daily Price Outlook

- AUD/USD holds above $0.62945 EMA and pivot, signaling short-term bullish bias.

- Key resistance levels lie at $0.63304, $0.63587, and $0.63907.

- Support at $0.62580 and below may limit downside in case of reversal.

The Australian dollar is inching higher against the U.S. dollar, currently trading at $0.63157, as the pair holds above its key pivot point at $0.62948.

This level also aligns closely with the 50-period Exponential Moving Average (EMA) at $0.62945, reinforcing short-term technical support and signaling a modestly bullish tone.

Immediate resistance is seen at $0.63304. A sustained break above this threshold could set the stage for a rally toward $0.63587, followed by a key ceiling at $0.63907—levels that have capped upside moves in previous sessions.

However, buyers will need continued momentum to push through these levels, especially with broader risk sentiment in flux.

On the downside, immediate support sits at $0.62580. A drop below this could open a path to $0.62306 and $0.62060, where buying interest may re-emerge.

These levels should be watched closely in the event of a sentiment shift or stronger-than-expected U.S. economic data later this week.

Technically, the structure favors a long bias above $0.62947, with a short-term target of $0.63426 and a stop loss set at $0.62692 to manage risk.

The pair continues to consolidate within a modest upward channel, supported by the 50 EMA, suggesting underlying demand remains intact.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.62947

Take Profit – 0.63426

Stop Loss – 0.62692

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$479/ -$255

Profit & Loss Per Mini Lot = +$47/ -$25