GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold remains range-bound within a descending channel under $3,270 resistance.
- RSI divergence and failed breakouts hint at downside risk.
- Watch for confirmation before fading the rally.
Gold (XAU/USD) continues to trade within a defined descending channel, capped by a stubborn resistance band near $3,270.
The metal attempted a breakout early Friday but failed to close above the 50-period SMA at $3,269.98, aligning closely with the descending trendline—a confluence zone acting as a barrier to bullish continuation.
Candlestick behavior shows indecision, with a spinning top forming near resistance, reinforcing the need for caution.
Technically, gold printed a series of higher lows from the $3,215 zone, suggesting gradual accumulation. Yet, no higher high has confirmed a trend reversal.
The Relative Strength Index (RSI) hovers at 53.47, near-neutral territory, but diverges modestly against recent price highs—a signal that bullish momentum is fading unless a fresh catalyst emerges.
The key pivot to watch is $3,270. A sustained break above this level, particularly with a bullish engulfing candle and volume spike, could open the door to $3,300 and $3,320.
However, price remains below the SMA and trapped beneath the trendline. Until bulls reclaim the $3,270–$3,275 zone, downside risks linger. A rejection here could lead to renewed bearish pressure toward $3,215, with deeper support at $3,171.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 3270
Take Profit – 3215
Stop Loss – 3300
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$5500/ -$3000
Profit & Loss Per Mini Lot = +$550/ -$300
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD rejected at trendline and 50 SMA near $1.134
- Bearish RSI structure favors downside continuation
- A break below $1.134 could trigger a move toward $1.126
The EUR/USD pair is struggling to reclaim ground above its descending trendline, trading just below the 50-period Simple Moving Average (SMA) at $1.13530.
Friday's candles printed a rejection wick near the $1.13423 resistance—right where the SMA intersects the trendline—underscoring a strong technical ceiling for now.
Price action remains capped within a bearish channel that’s been intact since the $1.14500 rejection in April.
From a structural view, the pair is forming lower highs and lower lows, preserving bearish momentum. A cluster of indecisive candles, including a spinning top and weak bullish attempt, adds weight to short bias near resistance.
The RSI sits at 46.97, slightly below neutral, with its average at 40.77—indicating a slight bearish lean but no oversold signal yet. No bullish divergence is present.
Key to the bearish outlook is the inability to sustain a close above $1.13423. A confirmed break lower from current levels could expose $1.12676 support, with further downside toward $1.12285.
However, if bulls manage a clean close above $1.13530 with strong volume, it may flip near-term sentiment and force a squeeze toward $1.13901.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.13423
Take Profit – 1.12676
Stop Loss – 1.13908
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$747/ -$485
Profit & Loss Per Mini Lot = +$74/ -$48
GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- GBP/USD remains confined within a descending channel.
- Price action shows rejection near the 50-SMA and key trendline.
- A break below $1.33082 sets the stage for a drop to $1.32589.
GBP/USD is navigating a tight descending channel, currently trading below the 50-SMA at $1.33314. Price attempted a recovery above $1.33082 but failed to sustain momentum, producing a rejection candle that hints at renewed bearish pressure.
The structure continues to reflect a lower-high and lower-low sequence—a classic downtrend in motion.
Candlestick analysis reveals an indecisive zone near the $1.33082 mark, with a spinning top followed by a bearish engulfing pattern, signaling hesitation and exhaustion from bulls.
Meanwhile, the Relative Strength Index (RSI) hovers around 45.54, below its average of 44.12, offering little indication of oversold relief or bullish divergence.
A break below $1.33082 reaffirms downside momentum, exposing immediate support at $1.32589 and secondary support at $1.32336.
On the flip side, if bulls breach $1.33364 with strong follow-through, the pair could challenge $1.33801.
However, the bearish channel and 50-SMA crossover overhead suggest that upside attempts are likely to face resistance.
GBP/USD - Trade Ideas
Entry Price – Sell Below 1.33082
Take Profit – 1.32589
Stop Loss – 1.33364
Risk to Reward – 1: 1.7
Profit & Loss Per Standard Lot = +$493/ -$282
Profit & Loss Per Mini Lot = +$49/ -$28
EUR/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- EUR/USD remains in a descending channel capped by the 50-SMA.
- RSI is rebounding but hasn’t confirmed bullish reversal.
- A break below $1.13466 could resume the downtrend toward $1.12676.
EUR/USD is trading within a well-defined descending channel, attempting a mild recovery after bottoming near $1.12676. Price is currently approaching short-term resistance near $1.13466, a level that previously acted as support.
While a small bullish impulse has developed, the pair remains below the 50-SMA at $1.13694, which continues to slope downward—reinforcing bearish pressure in the medium term.
From a candlestick perspective, the pair has not yet shown convincing bullish formations like three white soldiers, and the latest candles resemble neutral bodies rather than strong directional signals.
The RSI has turned up from oversold levels and now sits at 44.84, reflecting short-term recovery momentum. However, unless the pair clears the upper boundary of the bearish channel and sustains above the $1.13466 zone, the upside is likely to remain capped.
The broader structure still favors a continuation to the downside, especially if price fails at the current resistance and prints a bearish engulfing or another reversal signal near the 50-SMA.
A break below $1.13466 could reactivate bearish momentum toward $1.12676 and potentially $1.12285. On the flip side, a confirmed push above $1.13901 would challenge this outlook and suggest short-term trend reversal.
EUR/USD - Trade Ideas
Entry Price – Sell Below 1.13466
Take Profit – 1.12676
Stop Loss – 1.13893
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$790/ -$427
Profit & Loss Per Mini Lot = +$79/ -$42
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold remains trapped in a bearish channel with weak bullish divergence.
- Spinning top candlestick suggests hesitation near $3,260.
- 50 EMA at $3,313 caps upside and affirms bearish control.
Gold is trading within a descending channel after failing to sustain above the $3,294.47 resistance, corresponding with the 78.6% Fibonacci retracement level from the April high to recent lows.
Price recently rebounded from the $3,202.89 low, printing a modest sequence of higher lows that hint at a short-term recovery attempt, but overall bias remains bearish unless price breaks above the channel resistance.
Technically, a spinning top formed on the latest 4H candle signals indecision after a small bullish impulse. RSI stands at 44.04, still below the 50 neutral line, reflecting sluggish momentum.
There’s also a mild bullish divergence between RSI and price lows, suggesting downside momentum may be fading—but it's not strong enough to flip sentiment without confirmation.
The 50-SMA at $3,313.58 continues to slope downward, reinforcing resistance around the $3,294 pivot. Price is currently pressing against the 38.2% Fib level at $3,247, and struggling to reclaim ground above the $3,261 midpoint. Until bulls can close decisively above $3,294, rallies may be sold.
Key support lies at $3,230, the 23.6% Fib, followed by the recent swing low at $3,202. A drop below $3,230 could invite another wave of selling, potentially forming a three black crows pattern if the next candles turn aggressively bearish.
A bearish bias holds unless price breaks and holds above $3,294 with volume.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 3230
Take Profit – 3294
Stop Loss – 3197
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$6400/ -$3300
Profit & Loss Per Mini Lot = +$640/ -$330
S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- The SPX is in a bullish rising wedge with consistent higher lows and strong support from the 50-SMA.
- RSI at 61.33 and the absence of bearish divergence suggest sustained momentum.
- A confirmed break above 5604 could lead to a target near 5781, while a drop below 5426 would signal caution.
The SPX is showing continued strength after breaking above key levels earlier this week. Recent action indicates that the index is firmly testing resistance around 5604 as it climbs from lower levels in April.
Price recently closed above the 50-SMA, which now serves as dynamic support. Although the latest candle featured a slight rejection at the upper band, it appears more like a brief pause rather than a sign of reversal.
Structurally, the index is forming a rising wedge with a series of higher lows that confirm the bullish trend. The RSI currently reads 61.33, indicating healthy momentum without yet reaching overbought levels.
Candlestick patterns, including a small spinning top, have emerged, suggesting some caution among traders—but no major bearish formations like three black crows have materialized.
The absence of significant divergence between price and RSI further supports the view that upward pressure could persist if bulls maintain their grip.
Technically, the market is looking for a break above the recent resistance at 5604. Should bulls succeed, the next target could be set at 5781, with further gains possible if momentum builds.
Conversely, if price falls back and breaches support at 5426, the index may retest lower levels around the 50-SMA as a fallback.
S&P 500 - Trade Ideas
Entry Price – Buy Above 5571
Take Profit – 5781
Stop Loss – 5426
Risk to Reward – 1: 1.4
Profit & Loss Per Standard Lot = +$2100/ -$1450
Profit & Loss Per Mini Lot = +$210/ -$145
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY broke above 144.03, confirming bullish momentum.
- RSI overbought, but trend and structure favor continued upside.
- Entry above 144.03 targets 145.74 with stop at 143.01.
USD/JPY has broken out aggressively from consolidation and is now trading at 144.38, having breached a critical resistance at 144.03. Price surged from the ascending channel’s lower boundary, confirming the bullish structure, and is now approaching the midline of the rising parallel channel.
A bullish engulfing candle formed at the breakout point, supported by strong volume and follow-through, suggests further upside potential.
The 50-period SMA at 142.976 has begun sloping upward and now aligns with dynamic support. Price is trading firmly above both the 50 SMA and the channel’s median line, signaling trend continuation.
The RSI is currently at 72.82—technically overbought—but historically, during strong uptrends, it tends to hover above 70 for extended periods. No immediate divergence is visible, which further supports the bullish outlook.
Immediate resistance stands at 145.13, with further upside potential toward 146.15 and 147.15 if momentum continues.
On the downside, 144.03 is the key breakout level to watch; any retest that holds could offer a buying opportunity. Further support sits at 143.01, which aligns with the ascending trendline and SMA support.
While RSI suggests some caution, the overall structure—breakout above resistance, channel continuation, and SMA alignment—favors bulls.
A daily close above 145.13 could confirm further gains toward 146.15, completing the next leg of the ascending channel.
USD/JPY - Trade Ideas
Entry Price – Buy Above 144.033
Take Profit – 145.741
Stop Loss – 143.012
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$1708/ -$1021
Profit & Loss Per Mini Lot = +$170/ -$102
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold trades within a falling wedge; bearish continuation likely.
- RSI is oversold, but lacking bullish reversal signals.
- Breakdown below $3,222 opens door to $3,187 and $3,153.
Gold (XAU/USD) remains entrenched in a descending wedge pattern, struggling to reclaim resistance above $3,260. The price has sharply declined from April highs, forming a series of lower highs and lower lows, with clear rejection from the $3,314 zone.
Candlestick structure is bearish, including a series of red-bodied candles and a breakdown through $3,261, reinforcing downside bias. The 50 SMA at $3,299 continues to act as dynamic resistance.
The RSI sits near 30.2, teetering on the edge of oversold territory without showing divergence—suggesting sellers remain in control. The presence of a spinning top followed by another bearish candle hints at indecision followed by renewed pressure.
If $3,222 breaks, expect a slide toward $3,188 and $3,153. For bulls to regain momentum, a decisive close above $3,260 and the wedge’s upper trendline is essential. Until then, short positions remain technically favorable.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 3260
Take Profit – 3187
Stop Loss – 3295
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$7300/ -$3500
Profit & Loss Per Mini Lot = +$730/ -$350
AUD/USD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bearish engulfing candle below trendline signals downside continuation.
- RSI points lower, confirming bearish momentum.
- Entry below $0.63985 targets $0.63659, stop-loss above $0.64205.
The Australian Dollar (AUD/USD) is trading under pressure near $0.63900 after rejecting key resistance at $0.64192. Price action remains capped by a descending trendline that has contained rallies since April 15, reinforcing the short-term bearish structure.
The recent rejection forms a lower high near $0.64205, just beneath a confluence of resistance levels and the 50-hour SMA, currently at $0.63974, acting as dynamic resistance.
The current candlestick structure reveals bearish continuation potential, with a strong bearish engulfing candle forming after multiple indecisive attempts to break the $0.64192 zone.
The RSI has turned lower from 53.38 and now prints at 44.84, suggesting waning bullish momentum and no divergence—aligning with broader bearish sentiment.
On the downside, immediate support lies at $0.63662, followed by $0.63487 and then $0.63335. If the pair breaches $0.63659 with follow-through, the move could extend to test April’s lows.
The confluence of the descending trendline and failure to establish higher highs reaffirms bearish bias. A confirmed break below $0.63985 would validate short entries, targeting $0.63659 while capping risk with a stop-loss above $0.64205.
With both price and RSI failing to push higher and no bullish reversal patterns present (e.g., Doji, Hammer, or Piercing Line), the path of least resistance remains to the downside. Unless price recovers and sustains above the 50 SMA, intraday rallies may continue to be sold into.
AUD/USD - Trade Ideas
Entry Price – Sell Below 0.63985
Take Profit – 0.63659
Stop Loss – 0.64205
Risk to Reward – 1: 1.4
Profit & Loss Per Standard Lot = +$326/ -$220
Profit & Loss Per Mini Lot = +$32/ -$22
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Price is compressing inside a symmetrical triangle with ascending trendline support.
- RSI divergence and multiple doji/spinning top candles show indecision.
- Watch for a confirmed breakout above $3,313 or breakdown below $3,273.
Gold is consolidating just above an ascending trendline support drawn from the April 19 low, while capped below a descending channel top from the $3,410 swing high. The price is coiling inside a symmetrical triangle, suggesting a breakout is likely.
Price is currently below the 50-period EMA ($3,313.50), which is acting as dynamic resistance, while support remains intact near $3,306.94 and the broader $3,273.00 zone.
Recent candles show multiple spinning tops and small-bodied dojis, reflecting indecision at a key technical junction. The absence of momentum suggests traders are awaiting a fundamental catalyst.
However, price action continues to print higher lows, showing underlying bullish intent. A close above $3,313.50 could trigger a bullish continuation toward $3,352.47, and potentially $3,379.07.
The Relative Strength Index (RSI) is hovering around 45.68, below the midpoint, and diverging slightly from price—a potential sign of fading downside pressure.
No bearish engulfing or three black crows are visible on this timeframe, but the failure to print a clean bullish engulfing or hammer near support also implies hesitancy among buyers.
If gold fails to hold above $3,306.94, it may retest the ascending trendline near $3,273.00. Below that, key horizontal support rests at $3,246.38 and then $3,212.28.
Overall, a break above the triangle and reclaim of the 50 EMA could shift short-term sentiment back to bullish.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 3307
Take Profit – 3352
Stop Loss – 3273
Risk to Reward – 1: 1.3
Profit & Loss Per Standard Lot = +$4500/ -$3400
Profit & Loss Per Mini Lot = +$450/ -$340