Daily Price Outlook

- Immediate resistance stands at $5,766.23, with further resistance at $5,792.65.

- The 50-day EMA at $5,707.61 is a crucial support level to watch.

- RSI at 61 suggests bullish momentum, but caution is warranted with current price action.

The S&P 500 (SPX) is trading at $5,745.36, down 0.40% in today’s session, as markets remain cautious amid lingering economic uncertainty. The index is hovering below its pivot point at $5,778.74, with immediate support seen at $5,704.50. If this level holds, the index could bounce back toward resistance at $5,766.23, and further gains may lead it to challenge $5,792.65 and $5,819.96.

Technical indicators are mixed, with the 50-day Exponential Moving Average (EMA) at $5,707.61 acting as a critical support level. A sustained move above the 50 EMA could indicate the resumption of the broader uptrend. However, a failure to hold this level could see the index slipping further, with the next support at $5,676.00 and a deeper one at $5,648.18.

The Relative Strength Index (RSI) is currently at 61, signaling relatively strong bullish momentum. This suggests that the S&P 500 could find buying interest if it manages to stay above the key support areas. However, given the current economic backdrop and the index trading below the pivot point, investors should remain cautious, as downside risks persist.

In conclusion, while the technical outlook remains slightly bullish, the S&P 500’s price action will largely depend on its ability to hold above the 50 EMA and immediate support levels. Traders should watch key levels closely, as any move below $5,704.50 could signal deeper corrections.

S&P 500 - Trade Ideas

Entry Price – Buy Limit 5730

Take Profit – 5775

Stop Loss – 5705

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$450/ -$250

Profit & Loss Per Mini Lot = +$45/ -$25

Daily Price Outlook

- Immediate resistance stands at $2,677.76, with further resistance at $2,685.83.

- The 50-day EMA at $2,664.45 is providing crucial short-term support.

- RSI at 53 indicates neutral momentum, with room for further gains or potential downside.

Gold (XAU/USD) is trading at $2,670.84, down 0.16% during today’s session, as it struggles to maintain its recent bullish momentum. The precious metal is hovering around key technical levels, with immediate support found at $2,659.88. A drop below this could see further downside toward $2,653.43, while strong resistance at $2,677.76 will be the first hurdle for bulls to overcome.

The 50-day Exponential Moving Average (EMA) is currently at $2,664.45, providing short-term support. If Gold prices remain above this level, the bullish trend could resume, targeting the next resistance at $2,685.83. A decisive break above this could open the door to test the psychological $2,700 mark. However, failure to hold the EMA could lead to further declines, with the next support seen at $2,646.49.

The Relative Strength Index (RSI) sits at 53, indicating neutral conditions. With room for further upward movement, the RSI suggests that Gold could still have some upside potential, especially if upcoming U.S. economic data triggers safe-haven demand. However, a cautious approach is recommended as any break below $2,660 could trigger a sharper selling trend.

In conclusion, Gold’s near-term outlook hinges on its ability to stay above the 50 EMA and immediate support levels.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Limit 2666

Take Profit – 2680

Stop Loss – 2660

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1400/ -$600

Profit & Loss Per Mini Lot = +$140/ -$60

Daily Price Outlook

- USD/JPY is approaching key resistance at 145.409, with a pivot point at 145.398.

- Immediate support at 143.968, reinforced by the 50-EMA at 144.016.

- RSI at 66 indicates the pair is nearing overbought territory, suggesting caution.

The USD/JPY pair is trading slightly higher at 144.877, marking a modest increase of 0.04% for the day. The pair is hovering near a crucial pivot point at 145.398, which could serve as a turning point for future price action.

Immediate resistance is found just above at 145.409, with further resistance levels at 145.973 and 146.514, which could become significant if the current upward momentum persists.

On the downside, immediate support stands at 143.968, followed by deeper supports at 143.475 and 142.910. The 50-day Exponential Moving Average (EMA), currently at 144.016, is providing strong dynamic support, suggesting the pair will remain buoyed above this level.

Meanwhile, the Relative Strength Index (RSI) is at 66, signaling that the pair is nearing overbought conditions, a potential indicator of short-term exhaustion.

Traders may consider a buy limit at 144.478, targeting the pivot point at 145.398, with a stop loss at 143.978 to mitigate downside risks. The overall trend remains bullish, as long as the price stays above the 50-EMA.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Limit 144.478

Take Profit – 145.398

Stop Loss – 143.978

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$920/ -$500

Profit & Loss Per Mini Lot = +$92/ -$50

Daily Price Outlook

- AUD/USD faces strong resistance at $0.6860, coinciding with the 50-EMA.

- Immediate support rests at $0.6819, with downside targets at $0.6783.

- RSI at 46 suggests neutral momentum, with potential for near-term recovery.

The Australian Dollar (AUD/USD) has gained 0.32% on the day, trading around $0.68417, reflecting some positive momentum in an otherwise cautious market. The pair is currently moving below the pivot point at $0.6860, with the 50-day Exponential Moving Average (EMA) also aligned at this level, acting as a significant technical barrier.

Immediate resistance stands at $0.6907, which, if breached, could open the door for further gains towards $0.6946 and $0.6983, respectively.

On the downside, immediate support lies at $0.6819, with additional supports at $0.6783 and $0.6744. Traders are carefully monitoring the $0.6860 level, as it serves as both a pivot point and a key resistance zone.

A break above this level would likely invalidate the current bearish setup. The Relative Strength Index (RSI) is currently at 46, signaling neutral momentum with a slight tilt towards oversold conditions, which suggests the possibility of a rebound in the near term.

For traders, a sell limit entry at $0.6860 is advised, with a take-profit target at $0.68189, supported by the immediate downside levels. A stop-loss at $0.68879 would help mitigate risk in case of an upward breakout. Overall, the AUD/USD pair remains vulnerable to downside pressure as long as prices stay below the 50-EMA.

AUD/USD - Trade Ideas

Entry Price – Sell Limit 0.68600

Take Profit – 0.68189

Stop Loss – 0.68879

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$411/ -$279

Profit & Loss Per Mini Lot = +$41/ -$279

Daily Price Outlook

- USD/JPY is approaching key resistance at 145.409, with a pivot point at 145.398.

- Immediate support at 143.968, reinforced by the 50-EMA at 144.016.

- RSI at 66 indicates the pair is nearing overbought territory, suggesting caution.

The USD/JPY pair is trading slightly higher at 144.877, marking a modest increase of 0.04% for the day. The pair is hovering near a crucial pivot point at 145.398, which could serve as a turning point for future price action.

Immediate resistance is found just above at 145.409, with further resistance levels at 145.973 and 146.514, which could become significant if the current upward momentum persists.

On the downside, immediate support stands at 143.968, followed by deeper supports at 143.475 and 142.910. The 50-day Exponential Moving Average (EMA), currently at 144.016, is providing strong dynamic support, suggesting the pair will remain buoyed above this level.

Meanwhile, the Relative Strength Index (RSI) is at 66, signaling that the pair is nearing overbought conditions, a potential indicator of short-term exhaustion.

Traders may consider a buy limit at 144.478, targeting the pivot point at 145.398, with a stop loss at 143.978 to mitigate downside risks. The overall trend remains bullish, as long as the price stays above the 50-EMA.

USD/JPY - Trade Ideas

Entry Price – Buy Limit 144.478

Take Profit – 145.398

Stop Loss – 143.978

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$920/ -$500

Profit & Loss Per Mini Lot = +$92/ -$50

Daily Price Outlook

- Immediate Resistance at $2,670.90; breaking above signals bullish potential.

- Immediate Support at $2,648.18; a breach could target $2,631.56.

- RSI at 55 shows neutral momentum, with caution toward a bearish shift if it dips below 50.

Gold (XAU/USD) is currently trading at $2,652.43, down 0.18% as profit-taking and market uncertainty weigh on prices. The key pivot point lies at $2,657.23, indicating potential bearish momentum if prices remain below this level.

Immediate resistance sits at $2,670.90, with higher resistance targets at $2,681.48 and $2,691.20. A break above these levels could signal a shift to a bullish bias. On the downside, immediate support is at $2,648.18, followed by $2,640.19 and $2,631.56.

The Relative Strength Index (RSI) is neutral at 55, indicating neither overbought nor oversold conditions. However, a move below the 50 mark could indicate growing bearish sentiment. The 50-day Exponential Moving Average (EMA) is positioned at $2,637.30, offering solid short-term support. If prices break below the $2,648 support level, a drop toward $2,640 or $2,631 is likely.

Given the current setup, traders are advised to adopt a cautious stance. The entry price for selling is recommended below $2,657 with a take-profit target of $2,640 and a stop-loss at $2,674.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2657

Take Profit – 2640

Stop Loss – 2674

Risk to Reward – 1: 1

Profit & Loss Per Standard Lot = +$1700/ -$1700

Profit & Loss Per Mini Lot = +$170/ -$170

Daily Price Outlook

- Immediate Resistance at $1.12153; breaking higher could target $1.12309.

- Immediate Support at $1.11618; the 50-day EMA at $1.11418 offers strong support.

- RSI at 65 indicates bullish momentum but could near overbought territory if it rises further.

The EUR/USD pair is trading at $1.11872, up 0.07%, as it consolidates near recent highs. A break above the pivot point at $1.11983 could signal further bullish momentum, especially as traders eye immediate resistance at $1.12153. Additional resistance levels to watch include $1.12309 and $1.12485, which, if breached, could drive the pair higher in the short term.

On the downside, the immediate support level rests at $1.11618, followed by deeper supports at $1.11509 and $1.11350. The 50-day Exponential Moving Average (EMA), currently positioned at $1.11418, offers a strong support base, signaling a bullish outlook as long as the price remains above this average.

The Relative Strength Index (RSI) is currently at 65, indicating a bullish trend, but a move above 70 would signal overbought conditions, potentially leading to short-term profit-taking.

For short-term traders, a buy limit order around $1.11770 could provide an attractive entry point, targeting a take-profit level at $1.12153, with a conservative stop-loss set at $1.11626. This setup provides a balanced approach, capitalizing on upward momentum while safeguarding against downside risk.

EUR/USD - Trade Ideas

Entry Price – Buy Limit 1.11770

Take Profit – 1.12153

Stop Loss – 1.11626

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$383/ -$144

Profit & Loss Per Mini Lot = +$38/ -$14

Daily Price Outlook

- Immediate Resistance at $1.34293; breaking this level signals potential bullish momentum.

- Immediate Support at $1.33594; a breach may target $1.32993.

- RSI at 53 reflects neutral sentiment, with a slight bias toward consolidation.

The GBP/USD pair is currently trading at $1.33989, down 0.11%, showing signs of consolidation following a modest decline in the previous session. The pair’s pivot point is set at $1.33831, indicating that a break above this level could signal renewed bullish momentum.

Immediate resistance is found at $1.34293, with further resistance levels at $1.34551 and $1.34885. A break above these levels could push the pair higher, signaling a potential short-term trend reversal.

On the downside, immediate support is seen at $1.33594, followed by key levels at $1.33310 and $1.32993. If prices fall below these levels, the GBP/USD pair could experience a deeper pullback, especially as market participants remain cautious ahead of key economic data releases.

Technical indicators show mixed sentiment. The Relative Strength Index (RSI) is currently at 53, indicating neutral momentum, though a dip below 50 would suggest increased bearish pressure. The 50-day Exponential Moving Average (EMA) is positioned at $1.33655, offering a critical support level for short-term trading.

Given the current technical setup, traders might consider entering long positions above $1.33831, with a take-profit target of $1.34280 and a stop-loss set at $1.33591.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.33831

Take Profit – 1.34280

Stop Loss – 1.33591

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$449/ -$240

Profit & Loss Per Mini Lot = +$44/ -$24

Daily Price Outlook

- Immediate support at $1.3493, with further levels at $1.3467 and $1.3442.

- Immediate resistance at $1.3572, followed by $1.3601 and $1.3635.

- RSI at 39 suggests bearish momentum with possible further downside before a reversal.

The USD/CAD pair is currently trading at $1.35105, down 0.19%, as the U.S. dollar weakens against the Canadian dollar during the early trading hours.

The price has slipped below its 50-day Exponential Moving Average (EMA) of $1.3561, signaling growing bearish momentum in the short term.

Immediate support is found at $1.3493, a key level that, if broken, could lead to further downside towards $1.3467 and $1.3442.

On the upside, the pair faces immediate resistance at $1.3572, which aligns with the pivot point at $1.3544. A sustained break above this could challenge higher resistance levels at $1.3601 and $1.3635, though the current downtrend suggests selling pressure may persist.

The Relative Strength Index (RSI) stands at 39, indicating the pair is approaching oversold territory but has room for further declines before a significant reversal.

Traders are watching for a potential sell-off below the $1.35298 level, with a take-profit target set at $1.34758.

Overall, the technical setup favors bearish sentiment, especially with the price trading below the 50 EMA and the RSI leaning towards oversold. If support at $1.3493 gives way, a sharper decline could be triggered.

In conclusion, USD/CAD presents a bearish outlook below $1.35298, with a potential downside target of $1.34758 and stop-loss at $1.35619.

USD/CAD - Trade Ideas

Entry Price – Sell Below 1.35298

Take Profit – 1.34758

Stop Loss – 1.35619

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$540/ -$321

Profit & Loss Per Mini Lot = +$54/ -$32

Daily Price Outlook

- Immediate Resistance: $2,640.67, with next levels at $2,651.94 and $2,663.95.

- Key Support Levels: Immediate at $2,605.40, followed by $2,593.64 and $2,581.15.

- RSI: Moderate at 58, indicating room for more gains before hitting overbought territory.

Gold (XAU/USD) is trading at $2,628.47, up 0.25%, showing a steady upward movement during the Asian session. The price remains in a short-term bullish trend, supported by a 50-day exponential moving average (EMA) at $2,601.19.

Immediate resistance is situated at $2,640.67, followed closely by the pivotal resistance level at $2,651.94. A break above these levels could propel the price to the next major resistance at $2,663.95.

On the downside, immediate support lies at $2,605.40, with further key supports at $2,593.64 and $2,581.15.

From a technical perspective, the RSI (Relative Strength Index) stands at 58, reflecting moderate bullish momentum without nearing overbought conditions. This indicates room for further gains before any potential pullback.

The key pivot point at $2,652.00 suggests that this level could be the critical threshold for bullish continuation.

Overall, a buy position above $2,623 could target the $2,652 resistance level, with a potential stop-loss at $2,607 to manage downside risk.

The price action suggests further bullish movement as long as gold remains supported by the 50 EMA and the broader sentiment around safe-haven assets remains intact amid global economic uncertainty.

Gold remains bullish above $2,623, with $2,652 as the next key target, supported by a strong technical setup and favorable market sentiment.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2623

Take Profit – 2652

Stop Loss – 2607

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$2900/ -$1600

Profit & Loss Per Mini Lot = +$290/ -$160