Daily Price Outlook

- Bullish bias remains intact above the 50-day EMA ($3,027.11), with targets at $3,057.40 and $3,068.71.

- Support at $3,006.31 is critical—a break below could push gold toward $2,993.42 and $2,979.20.

- Entry Price: Buy above $3,022, with a take profit target of $3,050 and stop loss at $3,010.

Gold (XAU/USD) is trading at $3,033.97, showing marginal gains of 0.03% as it consolidates above the key 50-day EMA at $3,027.11.

The market is balancing between a bullish continuation and a potential retracement, with $3,051.45 acting as the pivot point for today’s session.

Despite a recent pullback, gold remains in an upward trend, finding strong support near $3,006.31.

If prices hold above this level, the next bullish targets are $3,057.40, followed by $3,068.71 and $3,078.95, where profit-taking could emerge.

A sustained move above $3,051.45 would confirm bullish momentum, paving the way for further gains.

Conversely, failure to hold above $3,027 may lead to a test of the $3,006.31 support level, with extended downside risk toward $2,993.42 and $2,979.20.

The 50-day EMA remains a key short-term indicator, keeping the bias slightly bullish unless breached.

However, traders should watch for profit-taking near $3,050, especially if the dollar strengthens. A break below $3,006 would shift sentiment bearish, signaling deeper correction levels.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3022

Take Profit – 3050

Stop Loss – 3010

Risk to Reward – 1: 2

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

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

Daily Price Outlook

- Bearish momentum strengthens below 5686, with downside targets at 5599 and 5506.

- The 50-day EMA at 5662 acts as a key inflection point, balancing near-term market sentiment.

- Entry Price: Sell below 5686, targeting 5561, with a stop loss at 5770.

The S&P 500 is trading at 5662.88, holding steady with a slight uptick of 0.01% as traders navigate a market influenced by economic data and Federal Reserve signals.

The 50-day EMA at 5662.39 is currently aligning with price action, acting as a key dynamic level that could dictate near-term direction.

The pivot point at 5686.10 serves as a critical marker for today’s session. If the index fails to reclaim this level, a bearish move could accelerate toward immediate support at 5599.00, followed by 5506.10 and 5407.38.

The lack of upside momentum suggests potential weakness, with profit-taking emerging after recent highs.

On the upside, resistance is noted at 5780.12, with further barriers at 5859.14 and 5938.11. A breakout above these levels would suggest renewed bullish sentiment, possibly leading to fresh all-time highs.

A sell-off below 5686 could confirm a bearish breakout, increasing the likelihood of a correction toward 5561.

S&P 500 - Trade Ideas

Entry Price – Sell Below 5686

Take Profit – 5561

Stop Loss – 5770

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$1250/ -$840

Profit & Loss Per Mini Lot = +$125/ -$84

Daily Price Outlook

- Bearish sentiment dominates below the pivot at $1.08553, targeting $1.08152 and $1.07895.

- The 50-day EMA at $1.08972 acts as key resistance, limiting any short-term upside.

- Entry Price: Sell below $1.08544, with a take profit at $1.08152 and stop loss at $1.08820.

The EUR/USD pair is trading at $1.08355, showing minimal movement as traders assess market conditions. The pair has been struggling to gain momentum, hovering below the 50-day EMA at $1.08972, which continues to act as dynamic resistance.

The pivot point at $1.08553 serves as an inflection level for today’s session, indicating that bearish momentum may persist if the pair remains below this threshold.

Immediate resistance is located at $1.08838, with further hurdles at $1.09177 and $1.09516. A break above these levels could trigger fresh buying interest, but current sentiment remains cautious due to renewed strength in the U.S. dollar, supported by a hawkish Federal Reserve stance.

On the downside, immediate support rests at $1.08152, followed by $1.07895 and $1.07656. A sustained move below $1.08553 would confirm a bearish bias, pushing the pair toward these lower levels.

If sellers maintain control, EUR/USD could face extended downside pressure, with the 50-day EMA reinforcing resistance around $1.08972.

Traders should monitor $1.08544 as a key level, with selling opportunities below this price targeting $1.08152, while upside breakouts remain capped near $1.08838.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08544

Take Profit – 1.08152

Stop Loss – 1.08820

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$392/ -$276

Profit & Loss Per Mini Lot = +$39/ -$27

Daily Price Outlook

- USD/JPY remains bullish above 148.18, with resistance at 148.94 and 149.15.

- 50-day EMA at 149.08 acts as a critical barrier to further upside.

- Break below 147.83 could trigger a deeper correction toward 147.41.

USD/JPY is trading near 148.62, up 0.02%, as buyers attempt to regain momentum following a brief consolidation. The pair is holding above the pivot level of 148.18, reinforcing the underlying bullish trend.

The 50-day EMA at 149.08 remains a key resistance zone, limiting further upside potential. If the pair breaks above 148.94, a rally toward 149.15 and 149.38 could follow.

However, sustained strength beyond these levels would require a broader shift in market sentiment, particularly from Federal Reserve policy expectations and risk appetite trends.

On the downside, 147.83 serves as immediate support, with a break below exposing 147.41 and 147.02. A break above 148.94 would confirm further upside, while a failure to hold 148.18 could introduce selling pressure.

USD/JPY - Trade Ideas

Entry Price – Buy Above 148.180

Take Profit – 148.944

Stop Loss – 147.828

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$764/ -$352

Profit & Loss Per Mini Lot = +$76/ -$35

Daily Price Outlook

- Gold remains bullish above $3,044, with upside targets at $3,068 and $3,078.

- The 50-day EMA at $3,016 acts as a strong support level, reinforcing the uptrend.

- A break below $3,033 could trigger selling pressure, with key support at $3,010.

Gold (XAU/USD) is trading slightly lower at $3,043, down 0.04%, as it consolidates near a key pivot level of $3,044.55. Despite the modest decline, the broader trend remains bullish, supported by expectations of Federal Reserve rate cuts and persistent global economic uncertainties.

The 50-day Exponential Moving Average (EMA) at $3,016 provides strong near-term support, keeping gold within an upward channel.

If prices sustain above the pivot point, the next resistance levels to watch are $3,057.40, followed by $3,067.87 and $3,078.95. A break above these levels could signal renewed bullish momentum, with gold eyeing further highs.

On the downside, immediate support lies at $3,033.30, with a break below this level exposing the next key supports at $3,023.07 and $3,010.48. A move below the 200-day EMA at $2,980 would indicate a shift in sentiment, potentially triggering profit-taking.

For now, gold remains bullish above $3,044, with traders eyeing a breakout toward $3,068. A stop-loss below $3,033 is recommended to mitigate downside risks.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3044

Take Profit – 3068

Stop Loss – 3033

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$2400/ -$1100

Profit & Loss Per Mini Lot = +$240/ -$110

Daily Price Outlook

- AUD/USD remains bearish below $0.6332, with downside targets at $0.6298 and $0.6277.

- The 50-day EMA at $0.6347 is acting as a strong resistance level.

- A break above $0.6363 could signal a potential reversal, targeting $0.6390.

The Australian dollar (AUD/USD) is trading at $0.6317, up 0.03%, as it attempts to recover from recent declines. However, the pair remains below the key pivot level of $0.6332, suggesting that bearish pressure persists.

The 50-day Exponential Moving Average (EMA) at $0.6347 is acting as a dynamic resistance level, keeping the pair in a downward trajectory.

If AUD/USD fails to break above this level, it could face renewed selling pressure, with immediate support at $0.6298. A break below this level could open the door for further losses toward $0.6277 and $0.6258.

On the upside, resistance at $0.6363 remains a key hurdle for bulls. If AUD/USD manages to break above this level, further gains toward $0.6390 and $0.6415 could follow. However, with the broader trend favoring the U.S. dollar due to Federal Reserve policy expectations, any upside moves may be short-lived.

A break below $0.6332 is likely to reinforce a bearish trend, with a downside target at $0.6298. Traders should watch for a break above $0.6363 to confirm a potential shift in momentum.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.63320

Take Profit – 0.62979

Stop Loss – 0.63594

Risk to Reward – 1: 1.24

Profit & Loss Per Standard Lot = +$341/ -$274

Profit & Loss Per Mini Lot = +$34/ -$27

Daily Price Outlook

- Gold remains bullish above $3,036.51, eyeing $3,051.92 as the next resistance level.

- The 50-day EMA at $2,996.75 is reinforcing a strong support base for further gains.

- A breakout above $3,051.92 could push gold toward $3,074.10, while a drop below $3,026 may trigger a bearish correction.

Gold (XAU/USD) is maintaining its upward trajectory, trading around $3,038.86, as investors remain cautious ahead of key economic events.

The metal is consolidating above the pivot point at $3,036.51, suggesting strong buyer interest at this level. Immediate resistance stands at $3,051.92, followed by $3,062.42, where a breakout could trigger further gains toward the $3,074.10 mark.

On the downside, support at $3,027.81 is keeping short-term pullbacks in check. A breach of this level could expose gold to further downside pressure toward $3,015.97 and $3,006.15. However, the 50-day EMA at $2,996.75 reinforces the broader bullish trend, offering dynamic support.

Gold’s recent price action suggests that traders are awaiting a catalyst, possibly from upcoming Federal Reserve statements or shifting macroeconomic conditions.

If gold holds above $3,036, buyers may push prices toward the $3,052 mark in the short term, making a case for a bullish breakout. However, a drop below $3,026 could invite selling pressure, leading to a potential retest of key support levels.

For now, traders should watch for a break above $3,051.92 to confirm continued upside momentum. Meanwhile, a sustained move below $3,036.51 could signal weakness, increasing the likelihood of a short-term pullback.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3036

Take Profit – 3052

Stop Loss – 3026

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1600/ -$1000

Profit & Loss Per Mini Lot = +$160/ -$100

Daily Price Outlook

- EUR/USD remains bearish below $1.09505, with support at $1.09015 and $1.08735 in focus.

- 50-day EMA at $1.08945 is acting as a key support level, with a break below accelerating losses.

- A move above $1.09710 could trigger a rebound, but broader sentiment remains cautious.

EUR/USD is trading around $1.09246, slightly lower as the pair struggles to maintain upward momentum. The currency pair remains under pressure after failing to hold above its $1.09505 pivot point.

Immediate resistance stands at $1.09710, while a move beyond $1.09922 could pave the way for a test of $1.10130. However, with the euro showing signs of exhaustion, upside potential appears limited.

On the downside, $1.09015 serves as immediate support, followed by $1.08735 and $1.08472 if selling pressure intensifies. The 50-day EMA at $1.08945 is offering a dynamic support zone, but a break below this level could accelerate bearish momentum.

The pair is currently facing headwinds from shifting interest rate expectations in both the U.S. and Eurozone. The Federal Reserve’s cautious approach toward rate cuts, combined with stronger-than-expected U.S. economic data, has kept the dollar resilient.

Meanwhile, European Central Bank policymakers have signaled a potential easing cycle later in the year, keeping the euro subdued.

Traders should watch for a break below $1.09505, which could confirm further downside toward $1.09015 and $1.08735.

Conversely, a push above $1.09710 may trigger a short-term rally, but with macroeconomic uncertainty weighing on sentiment, sustained gains could be limited.

For now, EUR/USD remains vulnerable to further downside pressure. If the pair breaches $1.09015, expect sellers to gain control, potentially driving prices toward $1.08735 in the near term.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.09507

Take Profit – 1.09019

Stop Loss – 1.09704

Risk to Reward – 1: 2.4

Profit & Loss Per Standard Lot = +$488/ -$197

Profit & Loss Per Mini Lot = +$48/ -$19

Daily Price Outlook

- GBP/USD remains bearish below $1.29908, with downside targets at $1.29521 and $1.29286.

- 50-day EMA at $1.29616 offers near-term support, with a breakdown increasing bearish - pressure.

- Resistance at $1.30097 must be breached for a potential rebound, but sentiment remains weak.

GBP/USD is trading around $1.29787, down slightly as the pair faces resistance near the $1.29908 pivot point.

Despite recent attempts to push higher, the pound remains under pressure, with immediate resistance at $1.30097 and further upside barriers at $1.30280 and $1.30457. If buyers fail to reclaim $1.29908, the pair could see renewed selling pressure.

On the downside, $1.29521 is the first level of support, followed by $1.29286 and $1.29106 if bearish momentum accelerates.

The 50-day EMA at $1.29616 is providing dynamic support, but a breakdown below this moving average could trigger a sharper decline.

A break below $1.29908 could confirm additional weakness, targeting $1.29521 and $1.29286 in the near term.

Conversely, if the pair manages to rise above $1.30097, it may attract fresh buying interest, but sustained gains remain uncertain amid global risk factors.

Traders should monitor $1.29521 closely, as a breach of this level could accelerate losses, pushing GBP/USD toward $1.29286.

For now, the pair remains vulnerable to downside risks, with price action likely dictated by upcoming economic data and central bank commentary.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.29910

Take Profit – 1.29516

Stop Loss – 1.30174

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$394/ -$264

Profit & Loss Per Mini Lot = +$39/ -$26

Daily Price Outlook

- Bullish bias remains intact above $3,007, with $3,019.58 acting as key resistance.

- A break above $3,019 could push gold toward $3,028.31 and $3,036.90 in the short term.

- Support at $2,996.48 remains crucial—falling below it could trigger a retracement toward $2,986.84 and $2,976.53.

Gold (XAU/USD) is trading at $3,013.33, maintaining a steady uptrend after a slight 0.01% gain in early trading. The metal is consolidating above its pivot point at $3,007.95, reinforcing a bullish bias as long as this level holds. The 50-day EMA at $2,971.31 continues to act as a strong support zone, preventing deeper pullbacks.

On the upside, immediate resistance at $3,019.58 remains a key hurdle for buyers. A break above this level could trigger further gains, with the next resistance at $3,028.31, followed by $3,036.90. If bullish momentum strengthens, a push toward the $3,050 zone is possible in the near term.

Conversely, support at $2,996.48 serves as the first safety net for gold. A drop below this level may expose $2,986.84, with deeper support resting at $2,976.53. A failure to hold these levels could shift sentiment toward a bearish correction.

Gold's price action suggests that traders are awaiting stronger catalysts, such as economic data or central bank policy signals, to drive momentum. For now, the upward trend remains intact, and a break above $3,019 could fuel further buying interest. However, a drop below $2,996 may invite selling pressure.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3007

Take Profit – 3025

Stop Loss – 2996

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1800/ -$1100

Profit & Loss Per Mini Lot = +$180/ -$110