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

- 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

- 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

- AUD/USD remains bearish below $0.63844, with sellers controlling short-term price action.

- Immediate support at $0.63573—a break below could push the pair toward $0.63402 and $0.63266.

- Upside remains limited unless $0.64000 is breached, with resistance levels capping further gains.

The AUD/USD pair is trading at $0.63698, showing slight downward movement as it struggles to maintain bullish momentum.

The price remains below the pivot point at $0.63844, indicating that sellers still have control in the short term. With the 50-day EMA at $0.63137, the broader trend suggests a cautious outlook, with potential for further downside if key support levels fail to hold.

Immediate resistance stands at $0.64000, with additional hurdles at $0.64121 and $0.64260. A breakout above these levels could signal renewed buying interest, pushing the pair toward a short-term recovery. However, without a fundamental catalyst, upside movement appears limited.

On the downside, immediate support at $0.63573 remains critical. A break below this level could lead to a test of $0.63402, followed by $0.63266, reinforcing the bearish sentiment.

A break below $0.6384 could accelerate downside momentum, making $0.63540 a viable target for short sellers. Conversely, a move above $0.64000 may shift sentiment toward a temporary bullish correction.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.63842

Take Profit – 0.63540

Stop Loss – 0.63998

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$302/ -$156

Profit & Loss Per Mini Lot = +$30/ -$15

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

Daily Price Outlook

- Bearish below $1.29434, with downside targets at $1.28932 and $1.28611.

- 50-day EMA at $1.29411 acting as resistance; failure to break higher could signal further downside.

- Entry Price: Sell Below $1.29432 | Target: $1.29022 | Stop Loss: $1.29696.

GBP/USD is trading at $1.29363, slightly lower by 0.02%, as it struggles to hold above the $1.29434 pivot point. The pair remains under pressure, hovering just below the 50-day EMA at $1.29411, indicating a potential bearish continuation if resistance levels fail to hold.

A breakdown below $1.29434 could accelerate selling momentum, exposing immediate support at $1.28932, with further downside potential toward $1.28611 and $1.28202.

On the upside, a recovery above $1.29830 could shift sentiment, with buyers targeting $1.30150 and $1.30457. However, the prevailing market sentiment favors a weaker pound amid ongoing economic uncertainty.

The pair remains influenced by Federal Reserve rate expectations and Bank of England (BoE) policy outlook. With traders anticipating a 75% chance of a Fed rate cut by June, according to CME’s FedWatch Tool, the U.S. dollar remains relatively firm.

Meanwhile, UK inflation data due later this week could provide further directional cues for GBP/USD. A weaker-than-expected inflation print may reinforce expectations of a BoE rate cut, weighing further on the pound.

Traders should closely monitor price action around the $1.29434 pivot level. A sustained move below this mark could trigger further declines, while a rebound above $1.29830 may shift momentum toward the upside.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.29432

Take Profit – 1.29022

Stop Loss – 1.29696

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$410/ -$264

Profit & Loss Per Mini Lot = +$41/ -$26

Daily Price Outlook

- Bullish bias remains intact above $2,982.42, with $3,005.25 as the key breakout zone.

- 50-day EMA at $2,951.89 supports the uptrend, limiting downside risks.

- Entry Price: Buy Above $2,982 | Target: $3,005 | Stop Loss: $2,969..

Gold (XAU/USD) is consolidating near $2,985.56, showing modest gains of 0.03%, as investors weigh market catalysts.

The metal remains within a tight trading range, with key resistance at $3,005.25 and immediate support at $2,966.81.

The 50-day EMA at $2,951.89 is reinforcing a bullish structure, suggesting buyers remain in control, but momentum is slowing ahead of critical economic events.

A breakout above $3,005.25 could push gold toward the next resistance levels at $3,019.99 and $3,032.43, potentially triggering another bullish leg higher.

Conversely, a failure to hold above the $2,982.42 pivot could lead to a decline toward $2,966.81, with further downside potential at $2,954.61 and $2,939.24 if selling pressure intensifies.

Technical indicators reflect a bullish bias, with gold holding above its 50-day EMA ($2,951.89), signaling underlying strength.

However, price action remains in consolidation mode, awaiting fresh triggers from upcoming Federal Reserve rate decisions and economic data.

The weaker U.S. dollar and persistent geopolitical risks continue to support gold, but short-term profit-taking could cause temporary pullbacks.

For now, traders are watching the $2,982.42 pivot level as the key inflection point. A sustained break higher would reinforce bullish momentum, while a move below could accelerate selling pressure.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2982

Take Profit – 3005

Stop Loss – 2969

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$2300/ -$1300

Profit & Loss Per Mini Lot = +$230/ -$130

Daily Price Outlook

- Bearish bias remains below $1.08844, targeting $1.08297 and $1.07966 as next support levels.

- 50-day EMA at $1.08839 is a critical resistance—failure to reclaim it could drive further declines.

- Entry Price: Sell Below $1.08847 | Target: $1.08286 | Stop Loss: $1.09145.

EUR/USD is trading at $1.08763, holding steady but slightly pressured below the $1.08844 pivot point. The pair is consolidating in a narrow range as traders await key economic cues, with immediate resistance at $1.09314 and support at $1.08297.

The 50-day EMA at $1.08839 is acting as a dynamic barrier, reinforcing a potential bearish outlook if price action fails to reclaim higher levels.

A break below $1.08844 could confirm downside pressure, with sellers eyeing the next support zones at $1.08297 and $1.07966.

A sharper decline could expose $1.07650, a level that aligns with previous demand zones. On the upside, if EUR/USD rebounds and breaks above $1.09314, bullish momentum could extend toward $1.09710 and $1.10065.

Traders should monitor $1.08844 closely. A sustained move below this level would reinforce selling momentum, while a recovery above $1.09314 could shift sentiment toward further gains.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.08847

Take Profit – 1.08286

Stop Loss – 1.09145

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$561/ -$298

Profit & Loss Per Mini Lot = +$56/ -$29

Daily Price Outlook

- Gold struggles below $2,993.84 as resistance at $3,005.25 caps upside potential.

- Immediate support at $2,979.51, with downside risk extending to $2,963.65.

- FOMC rate cut expectations remain the key driver for gold’s long-term outlook.

Gold (XAU/USD) is trading at $2,985.31, slipping 0.01% as it hovers below the key pivot level of $2,993.84. The metal remains in a tight range as traders weigh Federal Reserve rate cut expectations against a strengthening U.S. dollar.

Gold’s inability to sustain momentum above $2,993 highlights investor caution, with resistance levels at $3,005.25 and $3,015.30 posing near-term hurdles.

On the downside, immediate support is seen at $2,979.51, with further selling pressure potentially driving gold toward $2,963.65 and $2,956.39.

The 50-day Exponential Moving Average (EMA) at $2,928.44 continues to provide dynamic support, reinforcing the longer-term uptrend. However, failure to hold above this level could expose gold to further declines.

Despite short-term weakness, gold’s broader trend remains bullish, driven by growing expectations of Federal Reserve policy easing.

Softer U.S. inflation data has fueled speculation of three rate cuts in 2024, with traders eyeing the upcoming FOMC meeting for further guidance. A dovish stance from policymakers could propel gold beyond the $3,000 psychological mark.

For now, a daily close above $2,993.84 is required to confirm bullish momentum, while a break below $2,979.51 may signal deeper consolidation.

Traders should watch for a decisive move in either direction to determine the next leg of gold’s price action.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2989

Take Profit – 2970

Stop Loss – 3002

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$1900/ -$1300

Profit & Loss Per Mini Lot = +$190/ -$130