Daily Price Outlook

- Immediate Resistance: $2,636.57; support at $2,576.85 could be tested.

- RSI Oversold: At 35, indicating limited downside but weak bullish recovery.

- 50 EMA: Gold remains below $2,665.76, confirming bearish momentum.

Gold (XAU/USD) is trading at $2,609.76, gaining 0.94% in today’s session. Despite the uptick, the metal remains below its pivot point at $2,616.77, indicating lingering bearish pressure.

The immediate resistance lies at $2,636.57, followed by stronger hurdles at $2,664.90 and $2,690.55. On the downside, immediate support is seen at $2,576.85, with subsequent supports at $2,559.53 and $2,537.25.

Technical indicators highlight mixed sentiment. The RSI at 35 reflects oversold conditions, suggesting limited downside in the near term. However, the 50 EMA at $2,665.76 positions gold below this critical moving average, signaling that bearish momentum is still dominant.

From a technical perspective, a failure to reclaim the pivot point at $2,616.77 could encourage sellers, pushing gold toward its immediate support at $2,576.85.

A break below this level would expose gold to deeper corrections toward $2,559.53 and $2,537.25. Conversely, a successful move above the pivot could trigger buying interest, targeting $2,636.57 and beyond.

Traders may look for opportunities to sell below $2,620, with potential profit-taking near $2,595 and a stop-loss set at $2,635.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2620

Take Profit – 2595

Stop Loss – 2635

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2500/ -$1500

Profit & Loss Per Mini Lot = +$250/ -$150

Daily Price Outlook

- Immediate Resistance: $0.63375; immediate support at $0.61720.

- RSI Oversold: At 25, indicating limited downside but weak recovery prospects.

- 50 EMA: At $0.65234, signaling a persistent bearish trend.

The AUD/USD pair is trading at $0.62204, marking a modest gain of 0.07% in the current session. Despite the uptick, the pair remains under bearish pressure, trading below its pivot point at $0.62746.

Immediate resistance is seen at $0.63375, with additional hurdles at $0.63899 and $0.64509. On the downside, immediate support lies at $0.61720, followed by $0.61232 and $0.60746.

Technical indicators suggest further downside risks. The RSI at 25 highlights oversold conditions, implying limited room for additional bearish moves in the short term.

However, the 50 EMA at $0.65234 underscores a broader bearish trend, with the AUD/USD pair struggling to sustain any recovery above key levels.

A failure to reclaim the pivot point at $0.62746 could encourage further selling pressure, targeting the immediate support at $0.61720.

A decisive break below this level might expose the pair to deeper losses toward $0.61232 and $0.60746. On the upside, clearing the pivot and sustaining momentum above $0.63375 would be crucial for a bullish reversal.

Traders may consider a sell limit at $0.62763, targeting $0.61845, with a stop-loss placed at $0.63382.

AUD/USD - Trade Ideas

Entry Price – Sell Limit 0.62763

Take Profit – 0.61845

Stop Loss – 0.63382

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$918/ -$619

Profit & Loss Per Mini Lot = +$91/ -$61

Daily Price Outlook

- GBP/USD trades at $1.27014, below the $1.27860 pivot, signaling short-term bearish bias.

- Resistance stands at $1.28351, with key support at $1.26666.

- Sell limit at $1.27217 targets $1.26588, with a stop at $1.27678.

The GBP/USD pair is trading at $1.27014, down 0.05%, reflecting a cautious sentiment as the pair remains near a key support level.

The pivot point at $1.27860 acts as a critical resistance, with the pair trading just below the 50 EMA at $1.27176, reinforcing a short-term bearish bias.

Immediate resistance lies at $1.28351, followed by $1.28742, levels that need to be breached to signal a shift in sentiment.

On the downside, the pair finds immediate support at $1.26666, with further levels at $1.26070 and $1.25636 providing key targets for bearish momentum. The RSI at 51 signals neutrality, suggesting limited immediate momentum but leaving room for directional movement.

Traders are positioning for a Sell Limit at $1.27217, targeting $1.26588, with a stop loss at $1.27678 to manage upside risks.

For now, GBP/USD remains rangebound, with a bearish outlook prevailing unless the price reclaims the pivot point and surpasses the 50 EMA.

A failure to hold support at $1.26666 could open the door for further declines toward $1.26070.

The pair’s direction hinges on a break above resistance or below key support, with the overall sentiment skewed slightly bearish.

GBP/USD - Trade Ideas

Entry Price – Sell Limit 1.27217

Take Profit – 1.26588

Stop Loss – 1.27678

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$629/ -$461

Profit & Loss Per Mini Lot = +$62/ -$46

Daily Price Outlook

- EUR/USD trades near $1.05019; RSI at 48 indicates neutral momentum.

- Immediate resistance lies at $1.05914, with support at $1.04856.

- Buy limit at $1.04860 targets $1.05481, with a stop loss at $1.04522.

The EUR/USD pair is trading at $1.05019, up 0.11%, as modest bullish momentum develops within a largely neutral setup.

The key pivot point at $1.05480 acts as a critical level for price direction. Immediate resistance lies at $1.05914, with higher levels at $1.06294 offering potential targets if upward pressure strengthens.

On the downside, the pair finds support at $1.04856, with deeper levels at $1.04525 and $1.04204 acting as safety nets for buyers. The RSI at 48 indicates neutral momentum, suggesting the pair is in a consolidation phase with room for directional moves depending on the breakout.

The 50 EMA at $1.05205 is slightly above the current price, reinforcing a cautious upward bias. A break above the pivot point could signal bullish continuation toward $1.05914, while a failure to sustain above the $1.04856 support level may shift sentiment bearish.

Traders are positioning for a Buy Limit at $1.04860, targeting the pivot point at $1.05481, with a stop loss at $1.04522 to manage downside risk.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.04860

Take Profit – 1.05481

Stop Loss – 1.04522

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$621/ -$338

Profit & Loss Per Mini Lot = +$62/ -$33

Daily Price Outlook

- Gold remains bearish below $2,654, with RSI at 41 confirming weak momentum.

- Key resistance lies at $2,672.93, while immediate support is at $2,634.28.

- Entry for short positions below $2,654 targets $2,634, with a stop at $2,666.

Gold prices are trading at $2,647.27, up 0.03%, as the market shows tentative upward movement within a bearish framework.

The key pivot point at $2,654.36 serves as a critical juncture for near-term direction. The 50 EMA at $2,667.06 aligns closely with resistance, reinforcing selling pressure at higher levels.

Immediate resistance is noted at $2,672.93, followed by $2,690.55 and $2,704.46 for further upside tests if momentum shifts.

On the downside, gold is supported initially at $2,634.28, with further levels of $2,617.80 and $2,601.58 offering potential targets for bears.

The RSI at 41 signals bearish momentum but remains neutral enough to allow for a brief recovery before resuming downside pressure.

Traders are watching for a break below the pivot point to confirm bearish dominance, with the suggested entry price for short positions at $2,654, targeting $2,634, while keeping a stop loss at $2,666.

Conversely, sustained movement above $2,672.93 could shift sentiment toward buyers. However, the current setup suggests sellers remain in control below the pivot and 50 EMA.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2654

Take Profit – 2634

Stop Loss – 2666

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2000/ -$1200

Profit & Loss Per Mini Lot = +$200/ -$120

Daily Price Outlook

- USD/CAD trades above the pivot point at $1.42549, signaling bullish strength.

- RSI at 68 reflects strong buying momentum, nearing overbought conditions.

- Entry strategy: Buy Limit $1.42552, Take Profit $1.42928, Stop Loss $1.42270.

USD/CAD is trading at $1.42708, up 0.19%, maintaining its bullish momentum as buyers push prices above key levels.

On the 4-hour chart, the pair trades above the pivot point at $1.42549, signaling continued upside potential. Immediate resistance stands at $1.42923, with a breakout opening the path toward the next key levels at $1.43147 and $1.43365.

The 50 EMA, currently at $1.42065, serves as strong support, reinforcing bullish sentiment. A retest of the pivot point near $1.42549 could attract fresh buyers, as the uptrend remains intact. On the downside, immediate support rests at $1.42243, with further levels at $1.41986 and $1.41689 offering strong downside protection.

The Relative Strength Index (RSI) stands at 68, hovering near overbought territory but still signaling strong buying pressure. This suggests that USD/CAD could see further upside before any significant pullback.

Technical indicators, including price action above the 50 EMA and the pivot point, confirm the bullish outlook. Traders are closely watching for a decisive move above $1.42923, which could extend the rally to higher resistance levels.

USD/CAD - Trade Ideas

Entry Price – Buy Limit 1.42552

Take Profit – 1.42928

Stop Loss – 1.42270

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$376/ -$282

Profit & Loss Per Mini Lot = +$37/ -$28

Daily Price Outlook

- Gold trades below the pivot at $2,654.36, with immediate resistance at $2,672.93.

- RSI at 36 signals approaching oversold conditions, maintaining a bearish outlook.

- Entry strategy: Sell Stop $2,647, Take Profit $2,634, Stop Loss $2,659.

Gold (XAU/USD) remains under pressure, trading near $2,648.85, down 0.14% as bearish momentum dominates the session. On the 4-hour chart, Gold has slipped below the key pivot point at $2,654.36, indicating weak sentiment.

Immediate resistance stands at $2,672.93, where the 50-EMA sits slightly higher at $2,678.78, capping upside movement. A sustained push above this level could expose Gold to the next resistance levels at $2,690.55 and $2,707.78.

On the downside, immediate support holds firm at $2,634.28, with sellers eyeing the next critical levels at $2,617.80 and $2,601.58.

The Relative Strength Index (RSI) sits at 36, suggesting Gold is approaching oversold territory but still maintaining a bearish bias.

Technical indicators confirm downward pressure, as the price trades below both the pivot point and the 50-EMA, signaling strong seller control. If bears maintain momentum, a break below $2,634.28 could trigger a sharper decline.

However, any reversal above the $2,654.36 pivot would shift sentiment back in favor of the bulls, though immediate upside remains limited.

Conclusion: A Sell Stop entry at $2,647 is favored, targeting $2,634 as a take-profit level, with a stop-loss at $2,659 to mitigate risk.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Stop 2647

Take Profit – 2634

Stop Loss – 2659

Risk to Reward – 1: 1.08

Profit & Loss Per Standard Lot = +$1300/ -$1200

Profit & Loss Per Mini Lot = +$130/ -$120

Daily Price Outlook

- AUD/USD remains bearish, trading below the pivot at $0.63619 and the 50 EMA.

- RSI at 36 indicates bearish momentum with oversold signals nearing.

- Entry strategy: Sell Stop $0.63509, Take Profit $0.63171, Stop Loss $0.63800.

The Australian Dollar (AUD/USD) continues to face bearish pressure, trading at $0.63458, down 0.38% for the session. On the 4-hour chart, the pair has slipped below the pivot point at $0.63619, reinforcing near-term downward momentum.

Immediate resistance lies at $0.63823, closely aligned with the 50 EMA at $0.63719, which adds a dynamic ceiling for further recovery. Any sustained move above this level could target the next resistance at $0.64025 and extend gains toward $0.64287.

On the downside, immediate support is observed at $0.63367. A break below this level opens the door for sellers to test further support at $0.63156 and potentially extend declines toward $0.62957.

The Relative Strength Index (RSI) stands at 36, signaling a bearish trend with oversold conditions approaching.

Technical indicators suggest sellers remain firmly in control, with the price trading below both the pivot point and the 50 EMA, highlighting a sustained bearish outlook.

The pair’s inability to reclaim $0.63619 confirms strong selling pressure, with a potential for further downside if the current sentiment persists.

Conclusion: Traders may consider a Sell Stop entry at $0.63509, targeting a take-profit level of $0.63171, with a stop-loss placed at $0.63800 to manage risk.

AUD/USD - Trade Ideas

Entry Price – Sell Stop 0.63509

Take Profit – 0.63171

Stop Loss – 0.63800

Risk to Reward – 1: 1.16

Profit & Loss Per Standard Lot = +$338/ -$291

Profit & Loss Per Mini Lot = +$33/ -$29

Daily Price Outlook

- Immediate Resistance: $2,669.67; Next Levels: $2,692.74 and $2,707.78.

- Support Levels: $2,627.76; Further Supports: $2,613.84 and $2,598.13.

- Indicators: RSI at 30 signals oversold; 50 EMA at $2,685.75 remains key resistance.

Gold (XAU/USD) is trading at $2,654.78, marking a modest gain of 0.23% in today’s session as buyers maintain control above the pivot point of $2,643.92. This upward movement reflects continued demand for the safe-haven asset amid cautious market sentiment.

Immediate resistance stands at $2,669.67, with further targets at $2,692.74 and $2,707.78. A decisive break above $2,669.67 could accelerate bullish momentum, driving gold prices toward the next critical levels.

On the downside, support is seen at $2,627.76, followed by stronger cushions at $2,613.84 and $2,598.13. Traders should monitor these levels closely, as a breach below $2,643.92 could trigger selling pressure, leading to a test of lower supports.

Technically, the 50 EMA at $2,685.75 acts as a significant barrier for further gains, suggesting near-term overhead resistance.

Meanwhile, the Relative Strength Index (RSI) at 30 indicates oversold conditions, which may support a short-term recovery if buyers step in around key levels.

The overall trend remains cautiously bullish as long as gold sustains above the $2,643.92 pivot. A buy entry above this level with a target at $2,668 and a stop loss at $2,633 aligns with the prevailing market structure. However, any break below immediate support could invalidate the bullish bias.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2643

Take Profit – 2668

Stop Loss – 2633

Risk to Reward – 1: 2.5

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

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

Daily Price Outlook

- Immediate Resistance: $1.26725; Next Levels: $1.27194 and $1.27860.

- Support Levels: $1.25679; Further Supports: $1.25239 and $1.24866.

- Indicators: RSI at 40 signals mild bearish pressure; 50 EMA at $1.27096 remains a key hurdle.

The GBP/USD pair is trading at $1.26392, up 0.24%, as buyers extend gains above the pivot point of $1.26160. The immediate resistance sits at $1.26725, where a break higher could open the door to further upside, targeting resistance levels at $1.27194 and $1.27860.

Market sentiment remains cautiously optimistic, with the pound benefiting from renewed risk appetite and technical buying momentum.

On the downside, immediate support is seen at $1.25679, followed by further levels at $1.25239 and $1.24866, which could attract dip-buyers if the pair retraces.

Despite the current uptick, the 50-day EMA at $1.27096 looms overhead as a key hurdle for bullish continuation, and any failure to breach this resistance could trigger a pullback.

The Relative Strength Index (RSI) stands at 40, signaling mild bearish pressure but also leaving room for a potential recovery.

The technical setup suggests cautious buying above the pivot point at $1.26160, with a target of $1.26742 and a stop loss at $1.25862 to manage downside risks.

In conclusion, the GBP/USD remains in a consolidative phase, but the short-term bias tilts bullish above $1.26160.

A sustained push above $1.26725 would reinforce upward momentum, while failure to hold the pivot could expose the pair to further selling pressure.

GBP/USD - Trade Ideas

Entry Price – Buy Limit 1.26158

Take Profit – 1.26742

Stop Loss – 1.25862

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$584/ -$296

Profit & Loss Per Mini Lot = +$58/ -$29