Daily Price Outlook

- S&P 500 at $5235.47, down 0.06%, facing resistance at $5322.57 and support at $5200.92.

- RSI at 41, 50 EMA at $5208.72; bearish to neutral sentiment prevails.

- Recommended sell below $5260, with take profit at $5170 and stop loss at $5324.

The S&P 500 is currently priced at $5235.47, down 0.06%, reflecting a minor decline in market sentiment. The pivot point for today’s session is at $5257.78.

Immediate resistance levels are identified at $5322.57, $5370.18, and $5419.82. On the downside, immediate support is found at $5200.92, followed by $5149.35 and $5103.06.

The 50-day Exponential Moving Average (EMA) is currently at $5208.72, indicating a potential support level close to the current price. The Relative Strength Index (RSI) stands at 41, suggesting that the market is in a bearish to neutral territory.

These indicators imply that the S&P 500 might face further selling pressure unless there is a shift in market dynamics.

For traders looking to navigate the current market conditions, an entry price is recommended below $5260, with a take profit target set at $5170.

A stop loss should be placed at $5324 to manage risk effectively. In conclusion, the S&P 500 is experiencing slight downward pressure, with technical indicators suggesting a cautious outlook.

S&P500 (SPX) - Trade Ideas

Entry Price – Sell Below 5260

Take Profit – 5170

Stop Loss – 5324

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$900/ -$640

Profit & Loss Per Mini Lot = +$90/ -$64

Daily Price Outlook

- Gold at $2340.955, down 0.04%, under selling pressure below $2351.55 pivot.

- Key resistance levels: $2367.11, $2380.52, and $2392.98; support at $2326.59, $2307.51.

- RSI at 43, 50 EMA at $2360.85; bearish sentiment persists, sell below $2350 recommended.

Gold (XAU/USD) is currently priced at $2340.955, down 0.04%, indicating a slight decline in market sentiment.

The pivot point, marked by the green line, stands at $2351.55. Immediate resistance levels are at $2367.11, $2380.52, and $2392.98. On the downside, immediate support is found at $2326.59, with further supports at $2307.51 and $2286.08.

The 50-day Exponential Moving Average (EMA) is at $2360.85, suggesting potential resistance. The Relative Strength Index (RSI) is at 43, indicating a moderately bearish momentum. These indicators highlight that gold is currently facing selling pressure below the pivot point of $2351.55.

For traders looking to capitalize on this trend, an entry price is recommended below $2350, with a take profit target set at $2325. A stop loss should be placed at $2366 to manage risk. In conclusion, Gold (XAU/USD) is under pressure below the pivot point of $2351.55, with technical indicators supporting a bearish outlook.

GOLD (XAU/USD) - Technical Analysis

Entry Price – Sell Below 2350

Take Profit – 2325

Stop Loss – 2366

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$2500/ -$1600

Profit & Loss Per Mini Lot = +$250/ -$160

Daily Price Outlook

- AUD/USD trades at $0.65962, down 0.04%, with key support at $0.6580.

- Immediate resistance levels at $0.6620, $0.6639, and $0.6671 mark potential upward targets.

- RSI at 32 suggests near-oversold conditions, with 50 EMA at $0.6643 providing resistance.

AUD/USD is currently trading at $0.65962, reflecting a slight decline of 0.04%. The pivot point at $0.6598 is a critical level for gauging the next market direction. Immediate resistance is noted at $0.6620, with further resistance at $0.6639 and $0.6671.

These levels are pivotal as they could signal potential upward movements if the price breaches them. Conversely, immediate support is found at $0.6580, followed by $0.6558 and $0.6543, which could indicate further declines if the price drops below these levels.

Technical indicators show the Relative Strength Index (RSI) at 32, indicating that the currency pair is nearing oversold conditions. The 50-day Exponential Moving Average (EMA) is positioned at $0.6643, suggesting potential resistance if the price attempts a rebound.

Given the current market dynamics, the outlook for AUD/USD remains bearish below the pivot point of $0.6598. The strategy for traders would be to consider selling below $0.66126, with a take profit target at $0.65797 and a stop loss at $0.66330.

This approach capitalizes on the downward momentum while safeguarding against potential rebounds.

The economic backdrop, including weaker commodity prices and domestic economic concerns, continues to weigh on the Australian dollar. Additionally, the stronger US dollar, bolstered by higher yields and positive economic data, adds further pressure on the AUD/USD pair.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.66126

Take Profit – 0.65797

Stop Loss – 0.66330

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$329/ -$204

Profit & Loss Per Mini Lot = +$32/ -$20

Daily Price Outlook

- USD/JPY trades at $156.760, down 0.34%, with key support at $155.840.

- Immediate resistance levels at $157.720, $158.619, and $159.633 mark potential upward targets.

- RSI at 44 indicates neutral sentiment; 50 EMA at $156.748 provides resistance.

USD/JPY is currently trading at $156.760, reflecting a decline of 0.34%. The pivot point at $156.608 is a critical level for determining the next market direction. Immediate resistance is observed at $157.720, with subsequent resistance levels at $158.619 and $159.633.

These resistance levels indicate potential areas where the price might face upward pressure and potentially reverse.

Conversely, immediate support is found at $155.840, followed by $154.630 and $153.649. These support levels are crucial as they could signify further downward movements if the price breaches them.

Technical indicators show the Relative Strength Index (RSI) at 44, suggesting a neutral market sentiment. The 50-day Exponential Moving Average (EMA) is positioned at $156.748, slightly above the current price, indicating potential resistance if the price attempts a rebound.

Given the current market dynamics, the outlook for USD/JPY remains cautiously bullish above the pivot point of $156.608.

The strategy for traders would be to consider buying above $156.620, with a take profit target at $157.718 and a stop loss at $156.030. This approach aims to capitalize on any upward momentum while mitigating risks.

USD/JPY - Trade Ideas

Entry Price – Buy Above 156.620

Take Profit – 157.718

Stop Loss – 156.030

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1098/ -$590

Profit & Loss Per Mini Lot = +$109/ -$59

Daily Price Outlook

- Gold (XAU/USD) trades at $2,328.880, down 0.05%, with key support at $2,307.15.

- Immediate resistance levels at $2,351.74, $2,380.52, and $2,392.98 mark potential upward targets.

- RSI at 33 suggests oversold conditions, with 50 EMA at $2,370.91 providing resistance.

Gold (XAU/USD) is currently trading at $2,328.880, experiencing a slight decline of 0.05%. The pivot point at $2,350.00 serves as a crucial level for determining the next market direction.

Immediate resistance is found at $2,351.74, followed by $2,380.52 and $2,392.98. On the downside, immediate support is seen at $2,307.15, with further support at $2,291.62 and $2,277.79.

Technical indicators reveal the Relative Strength Index (RSI) at 33, indicating oversold conditions. The 50-day Exponential Moving Average (EMA) is positioned at $2,370.91, suggesting potential resistance if the price attempts to rebound.

Given the current setup, the outlook for gold appears bearish below the pivot point of $2,350.00. However, if the price manages to stay above $2,325, it could signal a potential buying opportunity with a take profit target of $2,350 and a stop loss at $2,315.

This strategy aims to capitalize on potential short-term rebounds while maintaining a cautious approach.

GOLD (XAU/USD) - Technical Analysis

Entry Price – Buy Above 2325

Take Profit – 2350

Stop Loss – 2315

Risk to Reward – 1: 2.5

Profit & Loss Per Standard Lot = +$2500/ -$1000

Profit & Loss Per Mini Lot = +$250/ -$100

Daily Price Outlook

- GBP/USD is trading at $1.27490, down 0.12% in the latest session.

- Immediate resistance levels are at $1.2765, $1.2793, and $1.2822, with support at $1.2711, $1.2676, and $1.2648.

- RSI at 52 and 50 EMA at $1.2724 suggest a neutral to slightly bullish sentiment.

The GBP/USD pair is currently trading at $1.27490, reflecting a decline of 0.12% in the latest session. The pivot point, marked at $1.2793, serves as a crucial level for determining market direction.

Immediate resistance levels are observed at $1.2765, $1.2793, and $1.2822. On the downside, immediate support is found at $1.2711, followed by $1.2676 and $1.2648.

The Relative Strength Index (RSI) is positioned at 52, indicating a neutral market sentiment with a slight bullish bias.

The 50-day Exponential Moving Average (EMA) stands at $1.2724, suggesting that the current price is slightly above this short-term average, which generally supports a bullish outlook.

The recent decline in the GBP/USD pair can be attributed to a stronger US Dollar, bolstered by robust US economic data and hawkish comments from Federal Reserve officials.

This has raised expectations that the Fed may not cut interest rates in the near term, supporting the USD and putting downward pressure on the British Pound. However, the market remains cautious as traders await key economic indicators and potential developments in the UK's economic landscape.

From a technical perspective, a bullish trend may be initiated if the price manages to sustain above the pivot point of $1.2793. This could lead to potential gains towards the immediate resistance levels at $1.2765 and beyond.

Conversely, if the GBP/USD pair falls below the immediate support level of $1.2711, further declines towards $1.2676 and $1.2648 are likely.

In conclusion, the outlook for GBP/USD remains cautiously bullish above the pivot point of $1.2793. The recommended entry price for a potential buy position is $1.27332, with a take profit target set at $1.27927 and a stop loss at $1.27036.

GBP/USD - Trade Ideas

Entry Price – Buy Limit 1.27332

Take Profit – 1.27927

Stop Loss – 1.27036

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$595/ -$296

Profit & Loss Per Mini Lot = +$59/ -$29

Daily Price Outlook

- EUR/USD is trading at $1.08460, down 0.11% in the latest session.

- Immediate resistance levels are at $1.0877, $1.0895, and $1.0914, with support at $1.0833, $1.0808, and $1.0783.

- RSI at 46 and 50 EMA at $1.0851 suggest a bearish sentiment.

The EUR/USD pair is trading at $1.08460, reflecting a decline of 0.11% in the latest session. The pivot point, marked at $1.0857, serves as a critical level for determining market direction.

Immediate resistance levels are identified at $1.0877, $1.0895, and $1.0914. On the downside, immediate support is found at $1.0833, followed by $1.0808 and $1.0783.

The Relative Strength Index (RSI) is at 46, indicating a slightly bearish sentiment as it hovers below the neutral 50 mark. The 50-day Exponential Moving Average (EMA) is positioned at $1.0851, suggesting that the current price is below this short-term average, reinforcing the bearish outlook.

The recent decline in the EUR/USD pair can be attributed to stronger US economic data and hawkish comments from Federal Reserve officials, which have dampened expectations for an imminent rate cut.

This has provided support for the US Dollar, exerting downward pressure on the Euro. Additionally, market participants are awaiting key economic data releases from both the Eurozone and the United States, which could further influence the pair's direction.

From a technical perspective, a sustained move below the pivot point of $1.0857 could lead to further declines towards the immediate support levels at $1.0833 and $1.0808.

Conversely, if the EUR/USD pair manages to break above the immediate resistance level of $1.0877, it could target higher resistance levels at $1.0895 and $1.0914.

In conclusion, the outlook for EUR/USD remains bearish below the pivot point of $1.0857. The recommended entry price for a potential sell position is $1.08572, with a take profit target set at $1.08328 and a stop loss at $1.08764.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08572

Take Profit – 1.08328

Stop Loss – 1.08764

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$244/ -$192

Profit & Loss Per Mini Lot = +$24/ -$19

Daily Price Outlook

- Gold prices are currently trading at $2357.540, down 0.14% in the latest session.

- Immediate resistance levels are at $2380.52, $2392.98, and $2410.52, while support levels are at $2351.93, $2340.03, and $2326.60.

- RSI at 49 and 50 EMA at $2378.86 suggest neutral to bearish market sentiment.

Gold (XAU/USD) is currently trading at $2357.540, reflecting a decline of 0.14% in the latest session. On the 4-hour chart, the pivot point is positioned at $2380.00, which serves as a crucial level for determining the future direction of the market.

Immediate resistance levels are identified at $2380.52, $2392.98, and $2410.52. On the downside, immediate support is found at $2351.93, followed by $2340.03 and $2326.60.

The Relative Strength Index (RSI) is at 49, indicating a neutral market sentiment with a slight bearish bias. 

The 50-day Exponential Moving Average (EMA) is currently positioned at $2378.86, suggesting a significant resistance level near the current price.

The recent decline in gold prices can be attributed to a modest rebound in the US Dollar, driven by stronger-than-expected US economic data and hawkish remarks from several Federal Reserve officials.

These factors have dampened expectations of a Fed rate cut in September, boosting the US Dollar and exerting downward pressure on gold prices. However, ongoing geopolitical tensions and central bank demand for gold continue to provide some support for the precious metal.

The technical outlook for gold indicates that a bullish trend may be initiated if the price breaks above the pivot point of $2380.00. This could lead to a potential rise towards the immediate resistance levels at $2380.52 and beyond.

Conversely, if gold prices fall below the immediate support level of $2351.93, further declines towards $2340.03 and $2326.60 are likely.

In conclusion, the outlook for gold remains cautious. The entry price for a potential buy position is above $2350, with a take profit target at $2380 and a stop loss at $2335.

GOLD (XAU/USD) - Technical Analysis

Entry Price – Buy Above 2350

Take Profit – 2380

Stop Loss – 2335

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$3000/ -$1500

Profit & Loss Per Mini Lot = +$300/ -$150

Daily Price Outlook

- AUD/USD trading at $0.66583, up 0.24%, shows moderate bullish momentum.

- Immediate resistance levels are $0.6684, $0.6711, and $0.6731.

- Immediate support levels are $0.6638, $0.6617, and $0.6595, critical for maintaining current levels.

The AUD/USD pair is trading at $0.66583, showing a 0.24% increase on the 4-hour chart. The pivot point, marked at $0.6669, is crucial for determining the market direction. Immediate resistance levels are $0.6684, $0.6711, and $0.6731. On the downside, immediate support is identified at $0.6638, followed by $0.6617 and $0.6595.

The Relative Strength Index (RSI) stands at 57, indicating moderate bullish momentum. The 50-day Exponential Moving Average (EMA) is positioned at $0.6654, suggesting that the current price is slightly above this short-term average, reinforcing a bullish outlook.

The outlook for AUD/USD remains slightly bullish above the pivot point of $0.6669. Traders may consider selling below $0.66691, with a take profit target at $0.66371 and a stop loss at $0.66844.

The technical landscape suggests that AUD/USD is experiencing moderate bullish momentum, with the RSI at 57 supporting this outlook. The price above the 50-day EMA at $0.6654 adds to the bullish sentiment.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.66691

Take Profit – 0.66371

Stop Loss – 0.66844

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$320/ -$153

Profit & Loss Per Mini Lot = +$32/ -$15

Daily Price Outlook

- Gold price at $2,343.770, down slightly by 0.01%, indicates a cautious market.

- Immediate resistance levels are $2,367.51, $2,380.52, and $2,392.98.

- Immediate support levels are $2,326.60, $2,307.23, and $2,291.85, critical for maintaining current levels.

Gold (XAU/USD) is trading at $2,343.770, reflecting a marginal decline of 0.01% on the 4-hour chart. The pivot point at $2,351.57 is crucial for determining market direction. Immediate resistance levels are $2,367.51, $2,380.52, and $2,392.98.

On the downside, immediate support is found at $2,326.60, followed by $2,307.23 and $2,291.85.

The Relative Strength Index (RSI) is at 39, indicating potential bearish momentum. The 50-day Exponential Moving Average (EMA) stands at $2,381.81, suggesting the current price is below a significant resistance level.

The outlook for gold remains bearish below the pivot point of $2,351.57. Traders are advised to consider selling below $2,350, with a take profit target of $2,330 and a stop loss at $2,365.

The combination of resistance levels and technical indicators suggests limited upside potential unless the price breaks above the immediate resistance levels.

The technical landscape suggests that gold is under pressure with limited upward momentum unless key resistance levels are breached.

The RSI at 39 supports a bearish outlook, while the position below the 50-day EMA at $2,381.81 adds to the bearish sentiment. Investors should monitor these key levels closely for potential shifts in market dynamics.

GOLD (XAU/USD) - Technical Analysis

Entry Price – Sell Below 2350

Take Profit – 2330

Stop Loss – 2365

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2000/ -$1500

Profit & Loss Per Mini Lot = +$200/ -$150