Daily Price Outlook

- Resistance Levels: Gold faces resistance at $2,654.00, $2,670.00, and $2,686.09.

- Support Levels: Immediate support is at $2,619.22, followed by $2,605.24 and $2,592.16.

- RSI at 55: Indicates moderate bullish sentiment; a break above $2,655 could accelerate buying interest.

Gold (XAU/USD) is currently trading at $2,639.53, up 0.42% on the day, as the metal consolidates above its immediate support at $2,619.22. The price remains below the pivot point of $2,655.00, suggesting that bullish momentum is cautiously building.

However, the metal faces a significant challenge near $2,654.00, where the 50-day Exponential Moving Average (EMA) at $2,640.54 is capping further gains. A sustained move above the $2,655 resistance could open the path toward the next resistance levels at $2,670.00 and $2,686.09.

On the downside, a failure to maintain levels above $2,632 could trigger a short-term correction, exposing gold to immediate support at $2,619.22, followed by deeper levels at $2,605.24 and $2,592.16. The Relative Strength Index (RSI) stands at 55, reflecting moderate bullish sentiment but lacking strong momentum to push the price beyond the key $2,655 level.

If prices close above $2,655, gold could target $2,670 and potentially test $2,686.09 in the near term. However, if sellers regain control and drive the price below $2,619.22, a drop toward $2,605.24 could ensue, signaling potential downside risks.

Overall, the short-term outlook for gold remains cautiously bullish above $2,632. A breakout above $2,655 would confirm renewed upward momentum, while a dip below $2,619.22 could shift the trend toward a bearish stance.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2632

Take Profit – 2655

Stop Loss – 2615

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2300/ -$1700

Profit & Loss Per Mini Lot = +$230/ -$170

Daily Price Outlook

- Resistance Levels: Immediate resistance at $1.0955, with further hurdles at $1.0967 and $1.0981.

- Support Levels: Key support at $1.0926, followed by $1.0914 and $1.0900.

- RSI at 44: Indicates neutral momentum, with potential for additional downside if resistance levels hold firm.

The EUR/USD is trading at $1.09337, down 0.02% for the day, as the pair struggles to break through key resistance levels. The currency pair remains below its pivot point at $1.0942, suggesting that bearish momentum is still in play.

Immediate resistance is observed at $1.0955, followed by the 50-day Exponential Moving Average (EMA) at $1.0957, which has been capping the upside for the past week. A clear break above $1.0955 could pave the way for EUR/USD to target the next resistance levels at $1.0967 and $1.0981.

On the downside, immediate support is seen at $1.0926, with further support levels at $1.0914 and $1.0900. A drop below $1.0926 could trigger additional selling pressure, pushing the pair toward the psychological $1.0900 mark. The Relative Strength Index (RSI) is currently at 44, indicating neutral momentum and leaving room for further downside if the pair fails to reclaim $1.0942.

Given the current technical setup, a sustained move below $1.0942 may signal a bearish trend continuation, targeting lower support levels. Conversely, a breakout above the 50-day EMA at $1.0957 would shift the outlook to bullish, potentially driving the EUR/USD higher.

Overall, the EUR/USD outlook remains cautiously bearish below the pivot point of $1.0942, and traders should watch for a confirmed break above or below key levels to determine the pair’s next directional move.

EUR/USD - Trade Ideas

Entry Price – Sell Below 1.09424

Take Profit – 1.09130

Stop Loss – 1.09583

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$294/ -$159

Profit & Loss Per Mini Lot = +$29/ -$15

Daily Price Outlook

- Resistance Levels: Immediate resistance at $5,796.45, followed by $5,822.06 and $5,852.82.

- Support Levels: Immediate support at $5,734.58, with further support at $5,707.99 and $5,676.19.

- RSI at 60: Indicates bullish sentiment with potential for further gains, but overbought conditions could emerge if it surpasses 65.

The S&P 500 is currently trading at $5,780.04, down 0.21% for the day, as the index faces resistance around the $5,796.45 level. Despite the slight decline, the overall trend remains positive, with the index holding above the key pivot point at $5,762.91. A successful breakout above $5,796.45 could propel the S&P 500 toward the next resistance levels at $5,822.06 and $5,852.82, indicating potential for further gains.

On the downside, immediate support lies at $5,734.58, just above the 50-day Exponential Moving Average (EMA) at $5,733.94, which has historically provided strong support during pullbacks. A drop below this level could signal increased selling pressure, targeting further support at $5,707.99 and $5,676.19.

The Relative Strength Index (RSI) is currently at 60, suggesting that the market is approaching overbought territory but still has room for additional upside. If the RSI climbs above 65, it could indicate strengthening bullish momentum, reinforcing the likelihood of an upward move past the $5,796.45 resistance level.

If prices break above $5,796.45, expect the S&P 500 to test the $5,822.06 resistance level. Conversely, if the index falls below the $5,734.58 support, it could face further declines toward $5,707.99, potentially shifting the trend toward a bearish stance.

Overall, the outlook remains cautiously bullish as long as the S&P 500 holds above $5,734.58.

S&P 500 - Trade Ideas

Entry Price – Buy Above 5765

Take Profit – 5815

Stop Loss – 5735

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$500/ -$300

Profit & Loss Per Mini Lot = +$50/ -$30

Daily Price Outlook

- Testing Key Pivot: AUD/USD is hovering around the $0.67389 pivot point, a critical level for near-term direction.

- Immediate Resistance: A break above $0.67621 and the 50-day EMA at $0.67612 could signal a bullish trend continuation.

- Support Levels: A breach below $0.67108 could expose AUD/USD to deeper supports at $0.66915 and $0.66708.

The Australian Dollar (AUD/USD) is trading at $0.67392, up 0.33%, signaling a potential rebound from recent lows. On the 4-hour chart, the pair is testing the pivot point at $0.67389, which aligns with a minor support level.

If the AUD/USD sustains its position above this level, it could target the immediate resistance at $0.67621, followed by the 50-day Exponential Moving Average (EMA) at $0.67612. A successful breakout above the 50-day EMA would pave the way for further gains toward the next resistance levels at $0.67861 and $0.68105.

Conversely, if the AUD/USD fails to hold above $0.67389, the pair may encounter initial support at $0.67108, followed by deeper support levels at $0.66915 and $0.66708. A breach below $0.66708 would likely signal increased bearish pressure, exposing the pair to further downside risks.

The Relative Strength Index (RSI) stands at 50, indicating neutral market sentiment. This suggests that AUD/USD could move in either direction depending on whether it breaks above or below the current pivot level. With the RSI at equilibrium, traders should watch for a clear breakout above $0.67621 or a breakdown below $0.67108 for directional cues.

Given the current technical setup, buying interest above $0.67223 could drive the pair toward $0.67616, while a failure to maintain above this level may trigger selling pressure.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.67223

Take Profit – 0.67616

Stop Loss – 0.66905

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$397/ -$318

Profit & Loss Per Mini Lot = +$39/ -$31

Daily Price Outlook

- Trendline Support: Gold is trading above the key trendline at $2,606, maintaining a potential for bullish momentum.

- Immediate Target: A break above $2,624 may push prices toward the $2,635-$2,647 resistance zone.

Bearish Risk: A breach below $2,596 could lead to a downward move toward $2,587 and potentially $2,576.

Gold (XAU/USD) is trading at $2,614.40, up 0.26%, as the precious metal attempts to stage a recovery after several days of decline. The 4-hour chart shows Gold finding support near the $2,606 pivot point, which aligns with the trendline support observed since early October.

This level is critical, as maintaining it could foster further bullish momentum. Immediate resistance is positioned at $2,624, followed by the 50-day Exponential Moving Average (EMA) at $2,635. A break above $2,635 could open the door for an advance toward $2,647, where stronger selling pressure may re-emerge.

However, if Gold fails to hold above the $2,606 pivot, the immediate support level shifts to $2,596, with deeper support at $2,587. A breach below these levels could signal a bearish shift, exposing prices to the $2,576 area.

The Relative Strength Index (RSI) currently stands at 43, indicating neutral sentiment but hovering near oversold territory. This suggests that while bears have a slight upper hand, a potential reversal could be on the horizon if buying interest gains traction above $2,624.

The technical outlook remains cautious yet slightly optimistic, contingent on Gold's ability to stay above the $2,606 support level. Traders should watch for a decisive break above $2,635 to confirm the bullish bias, while a drop below $2,596 could trigger further selling.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2610

Take Profit – 2628

Stop Loss – 2603

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$1800/ -$700

Profit & Loss Per Mini Lot = +$180/ -$70

Daily Price Outlook

- Bullish Momentum: USD/JPY is trading above the 149.009 pivot, with immediate resistance at 149.759.

- Overbought Conditions: RSI at 72 indicates overbought levels, but also confirms strong bullish momentum.

- Support Levels: Immediate support is at 148.275, with further safety nets at 147.349 and 146.200.

The USD/JPY pair is trading at 149.386, up 0.06%, maintaining a bullish bias as it hovers near recent highs. On the 4-hour chart, the pair is holding above the key pivot point at 149.009, suggesting continued upward momentum. If USD/JPY manages to break above the immediate resistance at 149.759, it could potentially aim for the next resistance levels at 150.494 and 151.244, marking a potential new multi-year high.

The pair’s bullish momentum is further supported by the 50-day Exponential Moving Average (EMA) at 146.506, which is significantly below the current price, indicating strong underlying support. Additionally, the Relative Strength Index (RSI) is currently at 72, placing the pair in overbought territory. While this suggests the possibility of a short-term pullback, it also highlights the strength of the current bullish trend.

If USD/JPY reverses direction and fails to hold above the pivot point at 149.009, immediate support can be found at 148.275, followed by deeper support levels at 147.349 and 146.200. A breach below these levels could signal a bearish reversal, but as long as the pair remains above the 50-day EMA, the overall outlook stays positive.

Given the strong uptrend and high RSI, traders should watch for potential profit-taking or consolidation near the 150 level. The current technical setup indicates that any dips may be considered as buying opportunities, provided the pair holds above 148.275.

USD/JPY - Trade Ideas

Entry Price – Buy Above 149.000

Take Profit – 150.576

Stop Loss – 148.268

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1576/ -$732

Profit & Loss Per Mini Lot = +$157/ -$73

Daily Price Outlook

- Bearish Sentiment: Gold remains below the pivot point of $2,623.02, indicating continued downward pressure.

- Key Support Levels: Immediate support stands at $2,606.30, with further downside potential to $2,596.45 and $2,586.52.

- RSI Near Oversold: RSI at 37 suggests the possibility of a rebound if prices stabilize above the $2,620 level.

Gold (XAU/USD) is currently trading lower at $2,613.02, down 0.34% for the day, signaling continued selling pressure as the metal struggles to hold above critical support levels. On the 4-hour chart, gold is trading below the pivot point at $2,623.02, indicating a bearish outlook in the near term. Immediate resistance is seen at $2,632.79, with additional hurdles at $2,640.56 and $2,655.51 if buying interest picks up.

On the downside, immediate support is located at $2,606.30, followed by deeper support levels at $2,596.45 and $2,586.52. The 50-day Exponential Moving Average (EMA) at $2,635.53 suggests a strong resistance level, reinforcing the bearish sentiment. The Relative Strength Index (RSI) stands at 37, indicating the metal is approaching oversold territory, which may suggest a potential rebound if prices stabilize above the $2,620 mark.

Given the bearish momentum, traders may consider selling below $2,620 with a target at $2,606, while a stop-loss order above $2,627 could limit risk. A decisive break below $2,606 could accelerate selling pressure, driving prices toward the next support level at $2,596. Conversely, a recovery above $2,623 could signal a reversal, with potential gains toward $2,635.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2620

Take Profit – 2606

Stop Loss – 2627

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1400/ -$700

Profit & Loss Per Mini Lot = +$140/ -$70

Daily Price Outlook

- Bearish Bias: GBP/USD trades below the pivot point at $1.31065, indicating sustained selling pressure.

- Immediate Support Levels: Key support stands at $1.30595; a break below could lead to further declines.

- RSI at 41: RSI is nearing oversold territory, signaling potential for stabilization if support holds above $1.30595.

The British Pound (GBP/USD) is trading lower at $1.30776, down 0.21% on the day, as bearish sentiment prevails. On the 4-hour chart, the pair is currently hovering below the pivot point at $1.31065, indicating selling pressure. Immediate resistance is located at $1.31345, followed by $1.31666 and $1.31972, suggesting that the pair needs to clear these levels to signal a potential bullish reversal.

On the downside, immediate support is found at $1.30595, with further levels at $1.30320 and $1.30021 providing additional protection. A drop below these levels could increase downside momentum. The 50-day Exponential Moving Average (EMA) at $1.31060 is positioned close to the pivot point, acting as a strong resistance. The Relative Strength Index (RSI) stands at 41, which is approaching oversold territory but remains neutral.

Given the current market structure, traders might consider a buying opportunity above $1.30588, targeting the pivot point at $1.31065 with a stop-loss set below $1.30310. However, failing to hold above $1.30595 could lead to further selling pressure, pushing the pair toward $1.30320. For a potential bullish reversal, GBP/USD would need to sustain a move above $1.31065, which could open the path toward $1.31345 and beyond.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.30588

Take Profit – 1.31065

Stop Loss – 1.30310

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$477/ -$278

Profit & Loss Per Mini Lot = +$47/ -$27

Daily Price Outlook

- Bearish Momentum: EUR/USD remains below the $1.09529 pivot point, indicating sustained bearish pressure.

- Immediate Support Levels: Key support lies at $1.09400; a break could push prices lower toward $1.09275 and $1.09141.

- RSI at 39: RSI indicates a nearing oversold condition, which could support a potential short-term recovery if $1.09400 holds.

The Euro (EUR/USD) is currently trading at $1.09616, down 0.17% for the day, as bearish momentum dominates. The pair is moving below the key pivot point of $1.09529 on the 4-hour chart, signaling continued downward pressure. Immediate resistance is situated at $1.09991, followed by $1.10163 and $1.10362, suggesting that buyers will need to push the pair above these levels to regain control.

On the downside, immediate support lies at $1.09400, with additional supports at $1.09275 and $1.09141. A break below $1.09400 could lead to further declines, targeting these lower levels. The 50-day Exponential Moving Average (EMA) at $1.09906 is currently acting as a critical resistance level, reflecting a bearish bias as long as prices remain beneath it.

The Relative Strength Index (RSI) stands at 39, indicating a nearing oversold condition that could trigger a potential consolidation or short-term rebound if support holds.

Traders may consider a buying opportunity if EUR/USD breaks above $1.09527, targeting a move to $1.09924, with a stop-loss set below $1.09278 to manage risk. On the other hand, failure to hold above $1.09529 could signal a deeper correction toward the next support at $1.09275.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.09527

Take Profit – 1.09924

Stop Loss – 1.09278

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$397/ -$249

Profit & Loss Per Mini Lot = +$39/ -$24

Daily Price Outlook

- Gold faces resistance at $2,656, with RSI at 46, indicating limited bullish momentum for now.

- Breaking below $2,631 support could trigger a deeper correction toward $2,624 and $2,617 levels.

- CPI report impact on gold likely to drive next major move, watch for key resistance and support levels.

Gold (XAU/USD) is trading at $2,641.84, slightly down by 0.04% in the current session. After encountering strong resistance at $2,651—marked by the 50-day Exponential Moving Average (EMA)—the yellow metal has struggled to gain momentum. Price action remains within a tight range, as traders look for catalysts to determine the next direction.

On the 4-hour chart, gold is hovering just below the pivot point at $2,645, indicating a lack of clear directional bias. Immediate resistance lies at $2,656, followed by $2,663 and $2,670. Breaking above these levels could trigger a short-term bullish trend. However, with the Relative Strength Index (RSI) sitting at 46, there’s limited bullish momentum, and gold could remain under pressure in the short term.

Conversely, if prices break below immediate support at $2,631, gold could see further declines, with subsequent support levels at $2,624 and $2,617. The market remains sensitive to macroeconomic indicators, with the upcoming U.S. Consumer Price Index (CPI) report likely to have a significant impact on gold prices.

Traders are advised to monitor key price levels closely. A move below $2,631 may signal a deeper correction, while a sustained break above $2,656 could pave the way for a potential recovery.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2650

Take Profit – 2633

Stop Loss – 2660

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$1700/ -$1000

Profit & Loss Per Mini Lot = +$170/ -$100