Daily Price Outlook

- S&P 500 remains bullish above 6071.18, eyeing resistance at 6127.64 and 6171.70.

- 50-day EMA at 5971.80 provides strong support, keeping buyers in control.

- Break below 6013.62 may lead to a correction toward 5969.55.

The S&P 500 continues its upward trajectory, currently trading at 6071.18 after gaining 0.53%. The index remains above the key pivot level at 6071.18, suggesting that bullish momentum is still intact.

Immediate resistance is seen at 6127.64, with further upside targets at 6171.70 and 6219.27. A break above these levels could extend the rally toward fresh highs as investor sentiment remains positive.

On the downside, immediate support lies at 6013.62, with additional key levels at 5969.55 and 5904.50. A drop below 6013.62 could trigger a corrective move, potentially testing lower support levels.

However, with the 50-day EMA positioned at 5971.80, buyers may step in on any pullback, keeping the broader trend intact.

Technically, the S&P 500 remains in a strong bullish trend, with higher highs and higher lows confirming positive momentum. As long as the index sustains above 6058, buyers are likely to remain in control, with a potential move toward 6127 in the near term.

Conversely, a failure to hold above 6013.62 could invite profit-taking and open the door for a pullback toward 5969.55.

Overall, the outlook remains bullish, with traders eyeing a breakout above 6127.64 for continued gains. However, monitoring volume and broader market sentiment will be key in confirming further upside.

S&P 500 - Trade Ideas

Entry Price – Buy Above 6058

Take Profit – 6127

Stop Loss – 6008

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$690/ -$500

Profit & Loss Per Mini Lot = +$69/ -$50

Daily Price Outlook

- AUD/USD trades below $0.62428 pivot, reinforcing a bearish outlook.

- 50-day EMA at $0.62668 remains a key resistance level.

- Break below $0.62110 could accelerate losses toward $0.61865.

The AUD/USD pair continues to face downward pressure, trading at $0.62202, below the $0.62428 pivot level. A stronger U.S. dollar and risk-off sentiment have kept the Australian dollar under pressure, limiting any significant recovery attempts.

Technically, the 50-day EMA at $0.62668 is reinforcing resistance, aligning with the immediate resistance at $0.62632. A break above this level could lead to a retest of $0.62927, while further bullish momentum may push prices toward $0.63235.

However, given the prevailing bearish sentiment, upside potential remains limited unless there’s a fundamental shift in market conditions.

On the downside, immediate support stands at $0.62110, with a break below this level exposing AUD/USD to further losses toward $0.61865 and $0.61648. A sustained move below $0.62110 could accelerate selling pressure, with the pair possibly extending losses if risk aversion strengthens.

From a trading perspective, a sell position below $0.62425 aligns with a take profit target at $0.61980 and a stop loss at $0.62687, reflecting the ongoing bearish momentum. The market is currently struggling to gain traction, and without a break above the pivot level, the bearish bias remains intact.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62425

Take Profit – 0.61980

Stop Loss – 0.62687

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$445/ -$262

Profit & Loss Per Mini Lot = +$44/ -$26

Daily Price Outlook

- Gold consolidates near $2,752.72 pivot; key resistance at $2,772.57.

- 50-day EMA at $2,758.53 supports cautious bullish outlook.

- Break below $2,730.85 may lead to deeper declines; watch for volume cues.

Gold is trading near $2,759.71, slightly down 0.01%, as it consolidates around the $2,752.72 pivot point. The 50-day EMA at $2,758.53 is offering critical support, indicating a cautious but potentially bullish outlook if prices hold above this level.

Immediate resistance stands at $2,772.57, with further barriers at $2,786.26 and $2,800.25. A breakout above $2,772.57 could trigger buying momentum, targeting higher levels as sentiment shifts positively.

On the downside, immediate support rests at $2,730.85, followed by $2,717.11 and $2,703.56. A decisive break below $2,730.85 could expose gold to increased selling pressure, pushing prices toward deeper support zones.

The current consolidation phase suggests traders are awaiting a catalyst—whether from economic data, Federal Reserve policy signals, or geopolitical developments—to define the next directional move.

A buy signal above $2,752 aligns with a take profit target at $2,772 and a stop loss at $2,741, offering a balanced risk-reward setup for those favoring a bullish stance.

Gold’s resilience near the 50-day EMA and key support levels indicates that buyers are defending the uptrend.

However, the proximity to immediate resistance requires a cautious approach, as failure to breach $2,772.57 could result in a pullback toward support.

Traders should closely monitor volume trends and macroeconomic announcements for cues that might drive gold beyond its current range.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2752

Take Profit – 2772

Stop Loss – 2741

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$2000/ -$1100

Profit & Loss Per Mini Lot = +$200/ -$110

Daily Price Outlook

- USD/JPY struggles below 154.952 pivot, signaling further downside risk.

- 50-day EMA at 155.313 acts as a strong resistance level.

- Break below 153.903 could accelerate losses toward 152.683.

The USD/JPY pair continues to decline, slipping below the 154.952 pivot level, as the yen strengthens amid risk-off sentiment and shifting rate expectations.

The pair remains under pressure as traders weigh U.S. economic data against potential policy shifts from the Bank of Japan (BoJ).

The 50-day EMA at 155.313 is now acting as a dynamic resistance level, reinforcing selling pressure. If USD/JPY fails to reclaim 154.952, further declines toward 153.903 are likely, with the next support levels resting at 153.292 and 152.683.

A decisive break below these levels could accelerate downside momentum, signaling increased yen demand.

On the upside, immediate resistance is at 155.616, followed by 156.318 and 157.022. A break above 155.616 could ease bearish sentiment, but momentum remains weak as long as the pair stays below the 50-day EMA.

From a trading perspective, a sell position below 154.951 aligns with a take profit target at 153.904 and a stop loss at 155.744, reflecting the bearish bias. Unless the U.S. dollar regains strength or the BoJ signals policy shifts, USD/JPY may remain under pressure.

Traders should watch upcoming U.S. inflation data and any policy commentary from Japanese officials for further directional cues.

USD/JPY - Trade Ideas

Entry Price – Sell Below 154.951

Take Profit – 153.904

Stop Loss – 155.744

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$1047/ -$793

Profit & Loss Per Mini Lot = +$104/ -$79

Daily Price Outlook

- GBP/USD holds above the $1.24239 pivot, supporting a bullish outlook.

- Immediate resistance at $1.25064; a breakout could push the pair toward $1.25637.

- 50-day EMA at $1.24238 provides key support, keeping buyers in control.

The GBP/USD pair is extending its gains, trading at $1.24555, up 0.13%, as it tests key technical levels. The pair remains above the pivot point at $1.24239, signaling a potential bullish continuation.

The 50-day EMA at $1.24238 serves as near-term support, reinforcing the upward trend. If buyers maintain control, the next resistance levels stand at $1.25064, followed by $1.25637 and $1.26131.

A sustained move above $1.24232 supports further gains, with a breakout above $1.25064 likely triggering additional upside momentum.

However, failure to hold above the pivot could expose the pair to immediate support at $1.23777, with deeper pullbacks toward $1.23016 and $1.22461 if selling pressure intensifies.

Macroeconomic factors, including U.S. economic data and Bank of England policy expectations, will play a crucial role in shaping the near-term direction.

If the U.S. dollar weakens on dovish Federal Reserve signals, GBP/USD could continue climbing. Conversely, stronger U.S. data could stall the rally.

Traders may consider a buy position above $1.24232, targeting $1.25069, with a stop-loss at $1.23777 to manage downside risks.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.24232

Take Profit – 1.25069

Stop Loss – 1.23777

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$837/ -$455

Profit & Loss Per Mini Lot = +$83/ -$45

Daily Price Outlook

- Gold remains bearish below $2,766; support at $2,749 and $2,730.

- 50-day EMA at $2,756 acts as short-term support, limiting downside.

- A break above $2,782 could shift momentum, but sellers dominate below pivot.

Gold (XAU/USD) continues to edge lower, trading at $2,760.56, down 0.10%, as the metal struggles to maintain bullish momentum. The price remains under pressure below the pivot point at $2,766.14, signaling a cautious outlook. Technical indicators suggest gold is at a critical juncture, with the 50-day EMA at $2,756.96 acting as immediate dynamic support.

A sustained break below $2,765 would reinforce selling pressure, potentially leading to declines toward immediate support at $2,749.27. Further downside risks emerge at $2,730.85, followed by $2,717.11, where buyers may attempt to regain control.

On the upside, gold faces strong resistance at $2,782.18, a breakout above which could signal bullish momentum, with next resistance levels at $2,794.55 and $2,804.06. However, the prevailing trend remains bearish as long as gold struggles below the pivot.

The broader market sentiment hinges on Federal Reserve policy expectations and tariff uncertainties. With economic data providing mixed signals, traders remain cautious, awaiting a clearer directional bias. A sell position below $2,765, targeting $2,743, with a stop-loss at $2,778, aligns with current market structure.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2765

Take Profit – 2743

Stop Loss – 2778

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$2200/ -$1300

Profit & Loss Per Mini Lot = +$220/ -$130

Daily Price Outlook

- EUR/USD trades above $1.04208 pivot; holding this level supports further upside.

- Immediate resistance at $1.04667; a breakout targets $1.04990 next.

- 50-day EMA at $1.04500 acts as a key hurdle; failure to clear it may trigger consolidation

The EUR/USD pair is showing modest gains, trading at $1.04421, up 0.12%, as it attempts to build momentum above key support levels. The price is hovering near the pivot point at $1.04208, signaling potential upside if buyers maintain control.

Technical indicators suggest that short-term bullish sentiment prevails, but the 50-day EMA at $1.04500 remains a key resistance level that must be breached for further gains.

A decisive move above $1.04667 could push EUR/USD toward the next resistance at $1.04990, with an extended rally targeting $1.05334.

However, failure to sustain above the pivot may trigger downside pressure, leading to immediate support at $1.03971, followed by deeper retracement toward $1.03721 and $1.03413.

The broader outlook depends on macroeconomic factors, including U.S. economic data, Federal Reserve policy signals, and European Central Bank rhetoric. If risk sentiment remains positive and the dollar weakens, EUR/USD could attempt a bullish breakout.

Given current price action, a buy position above $1.04208, with a target at $1.04674 and a stop-loss at $1.04015, aligns with the prevailing trend.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.04208

Take Profit – 1.04674

Stop Loss – 1.04015

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$466/ -$193

Profit & Loss Per Mini Lot = +$46/ -$19

Daily Price Outlook

- Bullish Momentum: USD/CAD holds above the $1.44158 pivot, eyeing $1.44576 and $1.45185 for extended gains.

- Critical Support Levels: A drop below $1.43340 may invite further selling toward $1.42694.

- Trade Setup: Suggested entry at $1.44266, targeting $1.44846, with a stop loss at $1.43855 for risk management.

USD/CAD is trading at $1.43954, up 0.15%, as the pair maintains a bullish bias supported by positive momentum. The pivot point at $1.44158 acts as a critical threshold, with a break above this level paving the way for further gains.

Immediate resistance is positioned at $1.44576, followed by key levels at $1.45185 and $1.45757, suggesting strong upward potential if the pair clears these barriers.

On the downside, support is seen at $1.43340, with additional buffers at $1.42694 and $1.42101, which could come into play if selling pressure intensifies.

The pair is trading above the 50-EMA at $1.43679, which reinforces the short-term bullish outlook. However, any failure to sustain gains above the pivot may lead to consolidation or correction.

The trade setup suggests a Buy Stop at $1.44266, targeting $1.44846, with a stop loss at $1.43855 to mitigate downside risk.

Traders should monitor developments in oil prices, a key driver for the Canadian dollar, and upcoming economic data for directional cues.

USD/CAD - Trade Ideas

Entry Price – Buy Stop 1.44266

Take Profit – 1.44846

Stop Loss – 1.43855

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$580/ -$411

Profit & Loss Per Mini Lot = +$58/ -$41

Daily Price Outlook

- Bearish Trend Below Pivot: AUD/USD remains weak below $0.62640, targeting $0.62213 and $0.61899 as key support levels.

- 50-EMA Resistance: The 50-EMA at $0.62848 reinforces bearish sentiment, making recovery challenging in the near term.

- Trade Setup: Sell below $0.62636, with a take profit target at $0.62217 and a stop loss at $0.62924 to manage risk effectively.

The Australian dollar (AUD/USD) is trading at $0.62517, down 0.63%, as selling pressure continues to dominate. The pair remains below the critical pivot point at $0.62640, suggesting a bearish outlook in the short term.

Immediate support lies at $0.62213, with further downside potential toward $0.61899 and $0.61648 if bearish momentum accelerates.

Resistance on the upside is capped at $0.62998, followed by $0.63302 and $0.63620. For bullish sentiment to regain traction, a decisive break above the pivot and the 50-EMA at $0.62848 is necessary.

However, the broader trend appears bearish, with the 50-EMA reinforcing downside pressure as it acts as a dynamic resistance.

The technical setup suggests continued weakness, particularly as the pair struggles to reclaim the pivot point at $0.62640. Traders are eyeing $0.62213 as a key level; a confirmed break below this support could invite further selling, targeting $0.61899.

Conversely, a bounce above the pivot could see the pair testing resistance levels, contingent on market sentiment and upcoming economic catalysts.

Traders should remain cautious, as the downward trajectory aligns with ongoing concerns over commodity-linked currencies amid fluctuating global risk sentiment.

A break below $0.62636 could confirm bearish continuation, while failure to sustain losses below key supports may lead to temporary relief.

AUD/USD - Trade Ideas

Entry Price – Sell Below 0.62636

Take Profit – 0.62217

Stop Loss – 0.62924

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$419/ -$288

Profit & Loss Per Mini Lot = +$41/ -$28

Daily Price Outlook

- Bearish bias below $2,745 – Gold remains under pressure, with further downside potential toward $2,720 and $2,706.

- 50-EMA as resistance – Gold struggles to reclaim $2,756.89, reinforcing bearish sentiment in the short term.

- Trade setup – Sell below $2,745, with a take profit target at $2,720 and a stop loss at $2,758 to manage risk effectively.

Gold prices are hovering at $2,740.99, posting a marginal gain of 0.02% as investors weigh market sentiment ahead of key economic events.

The pivot point at $2,745.39 remains a critical inflection zone; a sustained move below this level could signal further downside pressure.

Immediate support stands at $2,721.21, with extended declines targeting $2,706.09 and $2,689.39 if bearish momentum intensifies.

On the upside, immediate resistance is positioned at $2,763.67, with additional barriers at $2,786.25 and $2,804.06. A bullish breakout above these levels could reignite upside momentum, challenging recent highs.

However, gold remains vulnerable to short-term volatility, particularly amid fluctuating bond yields and shifting market sentiment.

From a technical perspective, the 50-EMA at $2,756.89 currently acts as a dynamic resistance, reinforcing selling pressure near the pivot.

Failure to break above this level suggests that gold remains bearish in the near term, aligning with the broader corrective trend.

Traders should watch for a decisive break below $2,745 to confirm continued selling momentum, with $2,720 as a near-term target.

Conversely, a strong bounce from current levels could set the stage for a potential reversal, contingent on economic catalysts and broader risk sentiment.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2745

Take Profit – 2720

Stop Loss – 2758

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$2500/ -$1300

Profit & Loss Per Mini Lot = +$250/ -$130