Daily Price Outlook

- Immediate resistance at $0.6670, next at $0.6691, and $0.6716.

- Immediate support at $0.6621, next at $0.6602, and $0.6577.

- RSI at 19, indicating oversold conditions.

The AUD/USD pair is trading at $0.66296, down 0.17% for the day. The 4-hour chart indicates a bearish trend, with the pivot point set at $0.6646. This level is crucial for determining the market's direction. If the price stays below this pivot point, the bearish trend is expected to continue.

Immediate resistance is found at $0.6670, followed by $0.6691 and $0.6716. These levels act as potential barriers to any upward movement. On the downside, immediate support is seen at $0.6621, with further support at $0.6602 and $0.6577, which could provide potential entry points for long positions if the price rebounds.

The Relative Strength Index (RSI) is at 19, indicating that the AUD/USD is in oversold territory. This suggests that a rebound could be imminent, although the overall trend remains bearish. The 50-day Exponential Moving Average (EMA) is at $0.6704, which supports the bearish outlook as long as the price remains below this level.

Given the technical indicators, the suggested trading strategy is to sell below $0.66453, with a take profit target at $0.66104 and a stop loss at $0.66691. This strategy aligns with the current bearish sentiment and key resistance and support levels.

In conclusion, AUD/USD's outlook remains bearish below the pivot point of $0.6646. Traders should monitor these key levels and technical indicators closely to adjust their strategies accordingly.

A break above the pivot point could indicate a shift towards a bullish trend, while maintaining below it supports the bearish trend.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.66453

Take Profit – 0.66104

Stop Loss – 0.66691

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$349/ -$238

Profit & Loss Per Mini Lot = +$34/ -$23

Daily Price Outlook

- GBP/USD is trading at $1.29145, with immediate support at $1.2875 and resistance at $1.2972.

- RSI at 39 suggests the pair is approaching oversold territory, potentially indicating buying interest.

- Recommended trade setup: Sell below $1.29400, take profit at $1.28800, stop loss at $1.29800.

GBP/USD is currently trading at $1.29145, reflecting a slight increase of 0.05%. The 4-hour chart shows a pivot point at $1.2939, serving as a critical threshold for market movements. Immediate resistance is pegged at $1.2972, with further resistance levels at $1.3010 and $1.3046.

On the downside, immediate support is seen at $1.2875, followed by deeper support levels at $1.2834 and $1.2782.

The technical indicators reveal a cautious market sentiment. The Relative Strength Index (RSI) is at 39, indicating that the pair is approaching oversold territory. This could signal potential buying interest if the RSI continues to decline.

The 50-day Exponential Moving Average (EMA) stands at $1.2939, slightly above the current price, suggesting a bearish short-term outlook if the price remains below this level.

Given the technical configuration, a sell strategy is recommended below the pivot point of $1.29400. The proposed take profit level is $1.28800, aligning with the immediate support zone, offering a target for potential downside movement.

A stop loss should be set at $1.29800, just above the first resistance level, to mitigate risk against unexpected upward price shifts.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.29400

Take Profit – 1.28800

Stop Loss – 1.29800

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$600/ -$400

Profit & Loss Per Mini Lot = +$60/ -$40

Daily Price Outlook

- Gold (XAU/USD) is trading at $2405.36, with critical support at $2393.69 and resistance at $2435.02.

- RSI at 36 indicates potential buying interest as it nears oversold territory.

- Recommended trade setup: Sell below $2412, take profit at $2381, stop loss at $2435.

Gold (XAU/USD) is currently trading at $2405.36, up a modest 0.03%. On the 4-hour chart, the pivot point is positioned at $2412.14, indicating a critical juncture for traders. Immediate resistance is seen at $2435.02, with further resistance levels at $2453.93 and $2482.70.

On the downside, immediate support is identified at $2393.69, followed by stronger support at $2370.70 and $2350.44.

Technical indicators suggest a mixed outlook. The Relative Strength Index (RSI) is currently at 36, indicating that gold is approaching oversold territory but is not there yet.

This could imply potential buying interest if the RSI continues to drop. The 50-day Exponential Moving Average (EMA) stands at $2421.99, which is above the current price, suggesting a bearish trend in the short term.

Given the technical setup, a sell entry is recommended below the pivot point at $2412. The suggested take profit level is $2381, aligning with support levels that could act as potential targets for a downward move. A stop loss should be placed at $2435 to protect against upside risks, which coincides with the immediate resistance level.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2412

Take Profit – 2381

Stop Loss – 2435

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$3100/ -$2300

Profit & Loss Per Mini Lot = +$310/ -$230

Daily Price Outlook

- EUR/USD is trading at $1.08846, with immediate support at $1.0861 and resistance at $1.0904.

- RSI at 44 indicates a neutral stance, allowing for potential moves in either direction.

- Recommended trade setup: Sell below $1.08953, take profit at $1.08603, stop loss at $1.0920.

EUR/USD is currently trading at $1.08846, reflecting a modest gain of 0.09%. On the 4-hour chart, the pivot point is situated at $1.0876, which acts as a crucial marker for market sentiment.

Immediate resistance is identified at $1.0904, with subsequent resistance levels at $1.0924 and $1.0948. On the downside, immediate support lies at $1.0861, followed by stronger support at $1.0844 and $1.0825.

Technical indicators provide a nuanced picture. The Relative Strength Index (RSI) is currently at 44, suggesting that the currency pair is in neutral territory. This indicates that there is no immediate overbought or oversold condition, leaving room for further price movements in either direction.

The 50-day Exponential Moving Average (EMA) stands at $1.0888, slightly above the current price, hinting at a potential bearish trend if the price remains below this level.

Given the technical setup, a cautious approach is advised. A sell entry is recommended below the pivot point at $1.08953. The suggested take profit level is $1.08603, aligning with the immediate support level. To mitigate risk, a stop loss should be placed at $1.0920, just above the next resistance level, to guard against unexpected upward movements.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08953

Take Profit – 1.08603

Stop Loss – 1.0920

Risk to Reward – 1: 1.4

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

Profit & Loss Per Mini Lot = +$35/ -$25

Daily Price Outlook

- Gold trading at $2,417.88, down 0.77%, with a bearish outlook.

- RSI at 37, indicating approaching oversold conditions.

- Immediate support at $2,406.52; key resistance at $2,451.84.

Gold (XAU/USD) is trading at $2,417.88, reflecting a decline of 0.77%. The 4-hour chart highlights critical levels for traders.

The pivot point is set at $2,432.60, serving as a crucial indicator of potential price movements. Immediate resistance is noted at $2,451.84, followed by $2,482.70 and $2,510.78. On the downside, immediate support is identified at $2,406.52, with further supports at $2,381.37 and $2,350.44.

Technical indicators point towards a bearish sentiment. The Relative Strength Index (RSI) stands at 37, suggesting the metal is approaching oversold conditions. The 50-day Exponential Moving Average (EMA) is positioned at $2,416.98, closely aligning with current prices, indicating a potential support level.

Given the technical setup, traders might consider selling below the pivot point of $2,432. The suggested trade setup includes an entry price below $2,432, a take profit target at $2,394, and a stop loss at $2,453.

This strategy is designed to capitalize on potential downward momentum while mitigating risk through a clearly defined stop loss.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2432

Take Profit – 2394

Stop Loss – 2453

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$3800/ -$2100

Profit & Loss Per Mini Lot = +$380/ -$210

Daily Price Outlook

- S&P 500 trading at $5,544.58, down 0.78%, with a neutral technical outlook.

- RSI at 45, indicating balanced market conditions.

- Immediate support at $5,490.08; key resistance at $5,576.48.

The S&P 500 is currently trading at $5,544.58, marking a decline of 0.78%. The 4-hour chart highlights critical levels for investors to monitor. The pivot point is set at $5,522.66, serving as a key indicator of potential price movements.

Immediate resistance is noted at $5,576.48, with further resistance levels at $5,607.64 and $5,643.05. On the downside, immediate support is identified at $5,490.08, followed by $5,446.88 and $5,405.81.

Technical indicators suggest a cautious market sentiment. The Relative Strength Index (RSI) stands at 45, indicating neither overbought nor oversold conditions, suggesting room for movement in either direction.

The 50-day Exponential Moving Average (EMA) is positioned at $5,517.33, providing a potential support level that could be crucial in the near term.

Given the technical setup, traders might consider placing a buy limit order at $5,520, just below the pivot point, to capitalize on potential upward momentum.

The suggested trade setup includes an entry price at $5,520, a take profit target at $5,575, and a stop loss at $5,490. This strategy aims to leverage a rebound while maintaining a controlled risk profile.

S&P 500 - Trade Ideas

Entry Price – Buy Limit 5520

Take Profit – 5575

Stop Loss – 5490

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$550/ -$300

Profit & Loss Per Mini Lot = +$55/ -$30

Daily Price Outlook

- EUR/USD trading at $1.08864, down 0.07%, with a neutral to slightly bearish outlook.

- RSI at 42, indicating a slight bearish sentiment.

- Immediate support at $1.0861; key resistance at $1.0909.

The EUR/USD is currently trading at $1.08864, reflecting a modest decline of 0.07%. The 4-hour chart indicates critical levels that traders should monitor closely. The pivot point is set at $1.0920, serving as a key indicator for potential price movements.

Immediate resistance is identified at $1.0909, with subsequent resistance levels at $1.0928 and $1.0948. On the downside, immediate support is at $1.0861, followed by $1.0844 and $1.0825.

Technical indicators suggest a cautious sentiment in the market. The Relative Strength Index (RSI) stands at 42, indicating a slight bearish tilt but not yet in oversold territory. The 50-day Exponential Moving Average (EMA) is positioned at $1.0880, just below the current price, acting as a potential support level.

Given the technical setup, traders might consider placing a buy order above the 50-day EMA at $1.08805 to capitalize on potential upward momentum.

The suggested trade setup includes an entry price above $1.08805, a take profit target at $1.09199, and a stop loss at $1.08598. This strategy aims to leverage a rebound while maintaining a controlled risk profile.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.08805

Take Profit – 1.09199

Stop Loss – 1.08598

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$394/ -$207

Profit & Loss Per Mini Lot = +$39/ -$20

Daily Price Outlook

- Gold trades at $2472.710, up 0.27%, amid ongoing global economic uncertainties.

- RSI at 70 indicates overbought conditions; potential pullback to immediate support at $2430.33.

- Bullish trend maintained above 50-day EMA at $2408.46; buy above $2455 with a stop loss at $2440.

Gold (XAU/USD) is trading at $2472.710, up 0.27%, as it continues to attract investors amid global economic uncertainties. The 4-hour chart shows gold hovering near key levels, with a pivot point set at $2490.00.

Immediate resistance is found at $2485.91, with subsequent resistance levels at $2510.78 and $2529.15. On the downside, immediate support is at $2430.33, followed by $2406.52 and $2381.37.

The Relative Strength Index (RSI) stands at 70, indicating overbought conditions that may prompt a short-term pullback. However, the 50-day Exponential Moving Average (EMA) at $2408.46 suggests a bullish trend, with prices consistently trading above this level.

Given the current technical setup, traders might consider entering long positions above $2455, targeting a take profit level of $2490. A stop loss should be placed at $2440 to manage risk. This strategy capitalizes on the prevailing bullish momentum while guarding against potential downside risks.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2455

Take Profit – 2490

Stop Loss – 2440

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$3500/ -$1500

Profit & Loss Per Mini Lot = +$350/ -$150

Daily Price Outlook

- AUD/USD trades at $0.67391, up 0.13%, showing modest gains amid market stability.

- RSI at 48 indicates neutral conditions; potential for either upward or downward movements.

- Buy above $0.67168 with take profit at $0.67595 and stop loss at $0.66953.

The AUD/USD pair is trading at $0.67391, up 0.13%, reflecting a modest uptick amidst a broader market stability. The 4-hour chart reveals critical levels that traders should monitor. The pivot point is set at $0.6745, indicating a pivotal area for potential price action shifts.

Immediate resistance stands at $0.6760, followed by stronger resistance at $0.6778 and $0.6799. Conversely, immediate support is located at $0.6716, with further support levels at $0.6702 and $0.6685.

The Relative Strength Index (RSI) is at 48, suggesting a neutral market sentiment with neither overbought nor oversold conditions. This positioning implies potential for either upward or downward movements depending on forthcoming economic data and market reactions.

Additionally, the 50-day Exponential Moving Average (EMA) is positioned at $0.6750, slightly above the current price, indicating a need for a sustained move above this level to confirm a bullish trend.

For traders, a strategic entry point would be above $0.67168, aiming for a take profit level at $0.67595. Setting a stop loss at $0.66953 is advisable to mitigate potential downside risks. This approach leverages the modest bullish momentum while ensuring protection against unexpected market shifts.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.67168

Take Profit – 0.67595

Stop Loss – 0.66953

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$427/ -$215

Profit & Loss Per Mini Lot = +$42/ -$21

Daily Price Outlook

- USD/JPY trades at $156.079, up 0.09%, amid cautiously optimistic market conditions.

- RSI at 31 indicates nearing oversold conditions, suggesting potential for rebound or stabilization.

- Sell limit at $156.762 with take profit at $154.987 and stop loss at $157.650.

The USD/JPY is trading at $156.079, up 0.09%, indicating slight upward movement in a cautiously optimistic market. The 4-hour chart highlights significant levels for traders to consider.

The pivot point is marked at $156.7620, a crucial level that could determine near-term price action. Immediate resistance is identified at $157.7310, with further resistance levels at $158.6180 and $159.4250. On the downside, immediate support lies at $155.3700, followed by $154.5630 and $153.6750.

The Relative Strength Index (RSI) is at 31, suggesting that the pair is approaching oversold territory. This indicator implies potential for a rebound or at least a temporary stabilization.

The 50-day Exponential Moving Average (EMA) stands at $159.2220, well above the current price, indicating a bearish trend as long as prices remain below this level.

For traders, a strategic approach would be to set a sell limit at the pivot point of $156.762. Aiming for a take profit level at $154.987 ensures capturing gains from anticipated downward movement. To manage risk, a stop loss at $157.650 is recommended.

USD/JPY - Trade Ideas

Entry Price – Sell Limit 156.762

Take Profit – 154.987

Stop Loss – 157.650

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1775/ -$888

Profit & Loss Per Mini Lot = +$177/ -$88