Daily Price Outlook

- Channel Structure Intact: Price respecting the rising channel, targeting 0.6452 short-term.

- Support at 0.6409: Breakout retest level acting as near-term floor.

- RSI Neutral-Bullish: At 61.63, signals moderate upward momentum.

AUD/USD remains in a bullish structure, trading within an ascending channel and holding above the 50-period SMA at 0.6385. The pair recently bounced from a confluence support zone near 0.6409 and is currently attempting another push toward the upper channel boundary around 0.6452.

The technical setup remains constructive as long as price sustains above the 0.6409 breakout level, now acting as immediate support. The RSI stands at 61.63 — neutral to bullish — showing potential for continued upward momentum without being overbought.

A sustained break above 0.6452 could expose the next resistance at 0.6471, while failure to hold above 0.6409 may lead to a drop toward the 0.6387–0.6385 support area.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.64091

Take Profit – 0.64517

Stop Loss – 0.63875

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$426/ -$216

Profit & Loss Per Mini Lot = +$42/ -$21

Daily Price Outlook

- Ascending Channel Holds: Gold stays bullish while trading within its upward-sloping trend channel.

- Resistance Ahead: $3,494 is capping short-term upside; breakout would target $3,510.

- Overbought RSI: At 81.23, signals potential for short-term consolidation before continuation.

Gold continues to trend higher within a defined ascending channel, recently breaking above the $3,468 resistance and reaching an intraday high near $3,487. The bullish structure remains intact, with price consolidating just below the $3,494 resistance. As long as the $3,468 support level holds, the outlook favors further upside toward the $3,510 target.

The 50-period SMA, currently at $3,332, continues to slope upward, reinforcing bullish momentum. However, the RSI is at 81.23 — firmly in overbought territory — suggesting that some consolidation or a mild pullback could occur before a sustained breakout.

If price maintains above $3,468, bulls could drive the move toward $3,510 and potentially retest the upper channel boundary at $3,519. On the downside, a break below $3,468 would risk a slide to $3,457 and $3,440, where the lower bound of the trade setup sits.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3468

Take Profit – 3510

Stop Loss – 3440

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$4200/ -$2800

Profit & Loss Per Mini Lot = +$420/ -$280

Daily Price Outlook

- Bearish Engulfing Candle: Formed near trendline resistance, signaling renewed downside interest.

- Downtrend Intact: Price remains beneath both the descending trendline and 50-SMA.

- Weak Momentum: RSI at 36 confirms bearish control, with more room for downside.

USD/CAD remains under sustained bearish pressure, trading below a descending trendline and the 50-period SMA, currently at 1.3851. The pair is forming lower highs and lower lows, reinforcing the downtrend.

A fresh rejection from the 1.3850–1.3863 supply zone suggests sellers remain in control, and momentum favors a continuation lower if 1.3819 is breached.

A bearish engulfing candlestick appeared near the trendline resistance during the latest rejection, signaling increased selling interest at higher levels.

This pattern adds confluence to the bearish outlook, particularly as price action remains beneath both the 50-SMA and the trendline.

The RSI stands at 36 and is sloping lower, showing weakening bullish attempts and renewed bearish momentum.

The entry trigger sits just below 1.3819, with the next support at 1.3742, followed by 1.3704. A close above 1.3863 would invalidate this setup and potentially shift sentiment in the short term.

USD/CAD - Trade Ideas

Entry Price – Sell Below 1.38197

Take Profit – 1.37424

Stop Loss – 1.38635

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$773/ -$438

Profit & Loss Per Mini Lot = +$77/ -$43

Daily Price Outlook

- Channel Trend Holds: Price remains within ascending channel, targeting higher resistance at 1.3412.

- Overbought RSI: At 81.64, suggests possible near-term retracement.

- SMA Supports Trend: 50-SMA at 1.3262 provides a reliable support base for buyers.

GBP/USD continues to trade within a well-defined ascending channel and recently surged above the 1.3350 resistance area. The pair is now consolidating near 1.3412 — a key horizontal level — after rejecting the upper boundary of the channel. Price action remains bullish as long as support at 1.3352 holds.

The 50-period SMA at 1.3262 continues to trend upward, confirming strong bullish structure. However, the RSI is now at 81.64, indicating overbought conditions that could trigger a short-term pullback or consolidation before another leg higher.

The entry zone at 1.3352 aligns with the mid-channel support and could attract dip buyers. A bounce from this level would target 1.3412 initially, followed by 1.3458 if bullish momentum continues. A breakdown below 1.3308 would negate the setup and shift short-term bias.

GBP/USD - Trade Ideas

Entry Price – Buy Limit 1.33522

Take Profit – 1.34127

Stop Loss – 1.33078

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$605/ -$444

Profit & Loss Per Mini Lot = +$60/ -$44

Daily Price Outlook

- Rejection at Resistance: Price stalls at 1.1532, showing signs of a possible correction.

- Overbought RSI: Reading of 76 indicates stretched buying, favoring short-term pullback.

- Fibonacci Support: 1.1478 (38.2% level) is the first target on a downside move.

EUR/USD surged above key resistance near 1.1470, but the pair is now facing selling pressure just below 1.1533 — the recent high.

Price has rejected the upper trendline of the rising channel and is forming a potential bearish setup, especially if it closes below 1.1532. A retracement toward 1.1478 could be underway, aligned with the 0.382 Fibonacci support.

The RSI currently stands at 76.04, firmly in overbought territory. This suggests a short-term pullback is likely as bullish momentum cools off.

Meanwhile, the 50-period SMA at 1.1369 continues to trend upward, indicating the medium-term structure remains supportive of dips being bought — though some profit-taking is expected in the near term.

If the pair breaks below 1.1532, bearish confirmation could open the door to a correction toward 1.1478, with deeper support at 1.1459. A move above 1.1559 would invalidate the bearish view and resume the upward breakout toward 1.1598.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.15325

Take Profit – 1.14786

Stop Loss – 1.15598

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$539/ -$273

Profit & Loss Per Mini Lot = +$53/ -$27

Daily Price Outlook

- Channel Continuation: Price respects ascending channel; momentum favors further upside toward $3,418.

- Support Holds: $3,350 now key support; failure here could target $3,322.

- Momentum Strong: RSI at 73 signals continued bullish strength with caution for short-term exhaustion.

Gold is extending its bullish momentum within a rising price channel, having broken above the $3,375 level and now eyeing the upper range of resistance at $3,418.

Price action remains firmly supported by the ascending trend structure, and the 50-period SMA at $3,280 continues to trend higher, reinforcing the broader uptrend.

The immediate structure suggests continuation, especially as the recent pullback held firmly above $3,350 — now a key support zone. A close above $3,408 would likely accelerate buying interest toward the next key target at $3,418.

On the other hand, a drop below $3,350 could trigger a move toward $3,323 or even $3,285, where the rising channel and moving average converge.

Momentum indicators also point to strength. The RSI is back above 70 at 73.01, signaling strong bullish pressure. While this may be nearing overbought territory, the trend remains intact as long as $3,350 holds.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3375

Take Profit – 3418

Stop Loss – 3350

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$4300/ -$2500

Profit & Loss Per Mini Lot = +$430/ -$250

Daily Price Outlook

- Price Recovery: Gold rebounds from $3,283 support, testing breakout above $3,317.

- Fibonacci Confluence: Key support between $3,274 and $3,254 continues to hold.

- Momentum Rebounds: RSI climbs to 60.62, signaling improved short-term bullish sentiment.

Gold prices are recovering after finding support near the $3,283 level and are now attempting to reclaim ground above $3,317.

This recovery comes after a volatile session that saw a sharp dip followed by an equally strong rebound. Price action now sits just below the $3,355 resistance zone, where sellers previously rejected upside attempts.

From a technical standpoint, the 50-period Simple Moving Average (SMA), currently at $3,265, remains upward sloping and continues to offer medium-term support.

Fibonacci retracement levels show a confluence of potential demand zones between $3,274 (50%) and $3,254 (61.8%), reinforcing the validity of the recent rebound.

Momentum is also firming up. The Relative Strength Index (RSI) has recovered from below 50 and now prints at 60.62, suggesting buyers are regaining control. If the price holds above $3,317, the next target comes in at $3,369 — a key Fibonacci extension level. A breakout beyond that could re-expose the recent high of $3,379.

On the downside, a drop below $3,283 would challenge the bullish structure and expose the $3,274–$3,254 range as the next area of interest for buyers.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 3317

Take Profit – 3369

Stop Loss – 3283

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$5200/ -$3400

Profit & Loss Per Mini Lot = +$520/ -$340

Daily Price Outlook

- Consolidation Pattern: SPX is coiling inside a symmetrical triangle, awaiting a directional breakout.

- Support at 5,212: Price holding above trendline and horizontal support; critical for maintaining bullish bias.

- RSI Neutral: At 46.30, RSI suggests neither overbought nor oversold conditions, leaving room for either direction.

The S&P 500 is consolidating within a symmetrical triangle, trading below its 50-period SMA, currently at 5,307. Price has formed a higher low at 5,212 and is hovering near trendline resistance. The structure suggests indecision, with traders watching closely for a breakout or breakdown confirmation.

The recent pullback from 5,345 has found support at the 5,212 demand zone, which aligns with a rising trendline from the April lows. This zone is reinforced by a prior consolidation area and offers a potential entry point for buyers, particularly if price holds above 5,212.

On the upside, a move toward 5,345 would test the upper boundary of the triangle, followed by the 5,404 level, which marks a key resistance zone from earlier this month. Momentum remains neutral. The RSI stands at 46.30, suggesting a wait-and-see attitude as markets digest recent macro data and earnings.

A breakdown below 5,212 could shift the short-term bias bearish, with downside potential extending toward 5,118 and 5,112. A confirmed bounce from 5,212, however, could provide the foundation for a breakout toward 5,404 and higher.

S&P 500 - Trade Ideas

Entry Price – Buy Limit 5212

Take Profit – 5404

Stop Loss – 5112

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$1920/ -$1000

Profit & Loss Per Mini Lot = +$192/ -$100

Daily Price Outlook

- Triangle Pattern: Price consolidates near apex; breakout likely soon.

- Support Near 1.1344: Key level aligning with SMA and triangle base.

- Momentum Neutral-Bullish: RSI above 50, signaling mild buyer control.

EUR/USD continues to coil within a tightening symmetrical triangle, with price hovering around the 1.1370 level. This consolidation phase suggests a breakout is imminent, as the pair trades near converging trendlines while holding above the 50-period SMA at 1.1353. The structure remains neutral, but a dip to the 1.1344–1.1350 region may provide a buy-the-dip opportunity.

The 50-SMA has turned higher, offering support in line with the lower triangle boundary. The RSI is at 54.31, indicating balanced momentum with slight bullish bias. A bounce from the buy zone could trigger upside toward 1.1416, with further extension to 1.1427 if volume confirms.

Should price break below 1.1344, the setup weakens, and downside toward 1.1318 and potentially 1.1304 could follow. A confirmed breakout above triangle resistance, however, could validate a push toward the 1.1470 area in the coming sessions.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.13446

Take Profit – 1.14156

Stop Loss – 1.13183

Risk to Reward – 1: 2.5

Profit & Loss Per Standard Lot = +$710/ -$263

Profit & Loss Per Mini Lot = +$71/ -$26

Daily Price Outlook

- Trendline Breakout in Play: USD/JPY eyes a close above 143.20 to shift bias.

- SMA Pressure: 50-SMA at 142.95 is the immediate resistance to watch.

- Momentum Rebuilding: RSI at 49.3 shows early signs of recovery from bearish territory.

USD/JPY is attempting to recover after briefly dipping below the 142.15 support zone, with price now testing both horizontal and descending trendline resistance near 142.95.

The pair remains within a broader downtrend but has shown signs of stabilizing near recent lows. A breakout above the 143.20 level could shift short-term momentum to the upside, opening room toward 144.31 — a key horizontal resistance.

The 50-period Simple Moving Average (SMA) at 142.95 is currently acting as dynamic resistance. Price is attempting to push above this barrier, and any sustained break would suggest a change in directional bias.

Meanwhile, the RSI has climbed to 49.3, recovering from sub-40 levels. Though not signaling strong momentum yet, it reflects improving sentiment.

The key trigger level for bullish continuation is 143.20. A clean break above this level would confirm a breakout from the descending trendline and a potential bullish reversal pattern. If confirmed, the next upside level to monitor is 144.31, followed by 145.15.

On the flip side, failure to break higher and a drop below 142.15 would reinforce the prevailing downtrend and bring 142.03 and 140.84 back into focus.

USD/JPY - Trade Ideas

Entry Price – Buy Stop 143.199

Take Profit – 144.312

Stop Loss – 142.157

Risk to Reward – 1: 1

Profit & Loss Per Standard Lot = +$1113/ -$1042

Profit & Loss Per Mini Lot = +$111/ -$104