Daily Price Outlook

- GBP/USD holds above $1.29170 pivot, maintaining short-term bullish structure.

- Breakout above $1.29660 EMA could target $1.30133 and $1.30457.

- Entry strategy: Buy above $1.29315, take profit at $1.29802, stop loss at $1.29003.

GBP/USD is holding steady at $1.29491, showing minimal movement in early Tuesday trading. The pair remains within a short-term consolidation range, supported by improving risk sentiment and broad U.S. dollar consolidation.

The current structure reflects a tug-of-war between technical resistance and supportive macro undercurrents.

On the 4-hour chart, price action is hovering just below the 50-day Exponential Moving Average (EMA) at $1.29660.

A decisive break above this zone could open the door to further gains, with immediate resistance levels aligned at $1.29703, followed by $1.30133 and $1.30457. These levels represent critical hurdles that GBP/USD must clear to resume a more sustained uptrend.

The pivot point sits at $1.29170. As long as the pair holds above this threshold, the near-term bullish bias remains valid.

A break below $1.29170 could expose the pair to downside support at $1.28879, with further cushions at $1.28616 and $1.28212.

Traders will be watching closely for upcoming U.K. inflation data, which could influence short-term rate expectations and impact sterling’s momentum.

In the meantime, a potential long setup emerges with entry above $1.29315, targeting a move toward $1.29802, while a protective stop below $1.29003 helps manage downside risk.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.29315

Take Profit – 1.29802

Stop Loss – 1.29003

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$487/ -$312

Profit & Loss Per Mini Lot = +$48/ -$31

Daily Price Outlook

- Gold holds above key pivot at $3,014; bullish momentum intact above $3,033.

- Immediate resistance sits at $3,033.81; support forms at $3,000.06.

- Entry strategy: Buy above $3,014; target $3,046; stop loss at $2,999.

Gold (XAU/USD) is trading slightly lower at $3,023.95, down 0.04% on the day, as investors digest shifting interest rate expectations and geopolitical headlines.

The metal is consolidating within a well-defined range, holding just above its key pivot point at $3,014.07. This zone is critical for near-term direction, as a sustained break above this level could reinforce the bullish case.

The 50-day Exponential Moving Average (EMA), currently at $3,033.70, acts as immediate dynamic resistance.

A break above this EMA would open the door for a retest of the first resistance at $3,033.81, followed by $3,053.86 and the upper barrier at $3,071.37. These levels align with recent swing highs and represent important technical hurdles for buyers.

On the downside, gold is finding initial support at $3,000.06. A break below this figure could trigger a deeper pullback toward $2,982.18 and $2,966.96, the latter coinciding with the lower boundary of the current ascending channel.

Despite today’s marginal decline, gold’s broader structure remains intact as long as price holds above the $3,000 psychological level.

Traders are watching closely for confirmation of direction, especially ahead of key U.S. economic data releases later this week.

A decisive move above $3,033 could spark bullish momentum toward $3,046—close to the short-term take-profit zone. Conversely, a breach below $2,999 would likely invalidate the current bullish setup.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Bullish Above 3014

Take Profit – 3046

Stop Loss – 2999

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$3200/ -$1500

Profit & Loss Per Mini Lot = +$320/ -$150

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 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

- 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

- 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 $3,044, 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

- 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

- 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

- 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