Daily Price Outlook

- S&P 500 is bullish above $5,733.36, with resistance targets at $5,766.23 and $5,818.03.

- 50-day EMA at $5,558.58 supports the ongoing uptrend, maintaining bullish momentum.

- RSI at 67 suggests the market is nearing overbought territory, indicating potential for a brief pullback.

The S&P 500 index is currently trading at $5,713.65, up by 1.70%, as bullish sentiment continues to drive the market higher. With the price nearing a key pivot point at $5,733.36, traders are eyeing the next levels of resistance.

Immediate resistance is seen at $5,766.23, with further targets at $5,818.03 and $5,868.94. A break above these levels could indicate further upside, particularly if macroeconomic conditions remain supportive.

On the downside, immediate support lies at $5,687.97, followed by $5,650.83 and $5,603.38. A sustained break below these support levels could signal a trend reversal or at least a short-term correction.

The 50-day Exponential Moving Average (EMA) at $5,558.58 continues to provide strong support, maintaining the index's bullish structure as long as prices remain above this key technical level.

The Relative Strength Index (RSI) is currently at 67, nearing overbought conditions, which suggests the possibility of a brief consolidation or pullback in the near term.

However, the market appears to be in a strong uptrend, with any dips likely seen as buying opportunities unless the price breaks below the $5,650 level.

In conclusion, the technical outlook for the S&P 500 remains bullish above $5,733.36. Traders should watch for a break above $5,766.23 to confirm the continuation of the upward trend, while a move below $5,687.97 may signal the beginning of a corrective phase.

S&P 500 - Trade Ideas

Entry Price – Sell Below 5733

Take Profit – 5670

Stop Loss – 5766

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$630/ -$330

Profit & Loss Per Mini Lot = +$63/ -$33

Daily Price Outlook

- Gold trading near $2,600 with next resistance at $2,609.07 and $2,619.51.

- 50-day EMA at $2,578.06 provides solid support, maintaining the bullish outlook.

- RSI at 63 signals bullish momentum but approaches overbought territory, suggesting a potential pullback or consolidation.

Gold (XAU/USD) is currently trading at $2,593.96, up 0.25%, as it hovers near the psychological level of $2,600. With the price approaching key technical levels, the metal remains bullish in the short term.

The pivot point at $2,600 serves as a critical juncture. Immediate resistance is seen just above at $2,600.32, with further upside targets at $2,609.07 and $2,619.51. Should prices break above these levels, gold could see an extended rally, driven by positive momentum.

On the downside, immediate support is positioned at $2,577.27, followed by $2,564.14 and $2,551.52.

The 50-day Exponential Moving Average (EMA) at $2,578.06 is acting as a strong support level, ensuring the bullish bias remains intact unless broken.

The Relative Strength Index (RSI) stands at 63, signaling upward momentum but nearing overbought conditions, which could prompt a short-term pullback or consolidation around current levels.

A sustained break above $2,600 would confirm the continuation of the uptrend, while a fall below $2,577 could introduce selling pressure and test lower support levels.

Gold’s technical outlook remains favorable as long as the price holds above $2,578.06. Traders may want to keep an eye on broader economic data, particularly inflation figures, which could further support gold's appeal as a safe-haven asset amid ongoing market uncertainties.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2590

Take Profit – 2600

Stop Loss – 2580

Risk to Reward – 1: 1

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

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

Daily Price Outlook

- Gold remains bullish above $2,575, with resistance levels at $2,589.57 and $2,601.99.

- 50-day EMA provides strong support, ensuring stability near $2,575.37.

- RSI at 55 indicates steady buying momentum, with potential for further upside above $2,589.57.

Gold (XAU/USD) is trading at $2,575.97, up 0.19%, holding steady above key technical levels, signaling potential bullish momentum. The immediate resistance is seen at $2,589.57, with further resistance at $2,601.99 and $2,612.69. On the downside, immediate support is at $2,555.78, followed by $2,545.84 and $2,535.16.

The 50-day Exponential Moving Average (EMA) at $2,575.37 is acting as crucial near-term support, reinforcing the upward trend. The Relative Strength Index (RSI) stands at 55, indicating moderate buying interest, yet still leaving room for additional gains.

If gold breaks above $2,589.57, it may open the door for further gains towards the $2,600 mark. However, a failure to hold above $2,555.78 could trigger bearish pressure, bringing prices down towards the lower support levels.

With global economic uncertainty and a weaker US dollar following the Fed’s recent monetary easing, gold continues to benefit from its safe-haven appeal. The near-term outlook remains bullish as long as prices hold above the $2,568 level.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Buy Above 2568

Take Profit – 2597

Stop Loss – 2553

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$2900/ -$1500

Profit & Loss Per Mini Lot = +$290/ -$150

Daily Price Outlook

- AUD/USD remains bullish above $0.6809, with key resistance at $0.6868 and $0.6888.

- 50-day EMA at $0.6749 provides strong support for the ongoing uptrend.

- RSI at 66 indicates approaching overbought territory, but momentum remains positive for now.

The AUD/USD pair is trading at $0.6872, up 0.83%, signaling bullish momentum as it moves above key technical levels. Immediate resistance lies at $0.6845, with further resistance targets at $0.6868 and $0.6888. On the downside, immediate support is found at $0.6784, followed by deeper supports at $0.6750 and $0.6725.

The 50-day Exponential Moving Average (EMA) at $0.6749 is providing solid support, indicating that the current upward trend remains intact. The Relative Strength Index (RSI) sits at 66, suggesting the market is nearing overbought conditions, but still leaves room for further gains.

A break above $0.6868 would confirm the bullish trend, targeting the next resistance at $0.6888. However, if the pair falls below $0.6784, it could trigger a shift toward a more bearish outlook, testing the $0.6750 support level.

With China being a key trading partner for Australia, any news regarding China's economic performance or trade relations will likely influence the next move for AUD/USD. Additionally, the U.S. dollar’s performance following the Federal Reserve’s recent interest rate decisions will play a critical role in the pair’s trajectory.

In summary, AUD/USD shows strong bullish signals but faces immediate resistance. Traders should watch for a breakout above $0.6868 to confirm further upward momentum.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.68086

Take Profit – 0.68511

Stop Loss – 0.67830

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$425/ -$256

Profit & Loss Per Mini Lot = +$42/ -$25

Daily Price Outlook

- USD/JPY is bullish above 142.44, with resistance targets at 143.17 and 143.97.

- 50-day EMA at 141.22 offers strong support, keeping the trend positive in the short term.

- RSI at 54 indicates neutral momentum with the potential for further gains if resistance is broken.

USD/JPY is trading at 142.32, up 0.05%, indicating a mild upward trend as the pair holds above key support levels. The immediate resistance is noted at 142.44, with further resistance at 143.17 and 143.97. On the downside, immediate support is at 140.46, followed by 139.70 and 138.95, marking significant levels where the price could potentially reverse.

The 50-day Exponential Moving Average (EMA) at 141.22 acts as critical support, providing stability for near-term bullish sentiment. The Relative Strength Index (RSI) is currently at 54, reflecting neutral-to-bullish momentum, signaling that the market still has room for further upward movement.

A break above 142.44 could confirm a bullish bias, paving the way toward the next resistance level at 143.17. However, if USD/JPY falls below 140.46, the short-term trend could turn bearish, testing the lower support at 139.70.

The broader outlook for USD/JPY remains influenced by the divergent monetary policies between the U.S. Federal Reserve and the Bank of Japan. While the Fed signals caution after its recent rate adjustments, the Bank of Japan maintains its dovish stance, providing continued support for the dollar against the yen.

USD/JPY - Trade Ideas

Entry Price – Buy Above 141.895

Take Profit – 143.184

Stop Loss – 141.270

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1289/ -$625

Profit & Loss Per Mini Lot = +$12/ -$62

Daily Price Outlook

- Immediate resistance at $2,590, with support at $2,556 signaling key levels to watch.

- The RSI at 56 suggests neutral momentum, with slight potential for further upside.

- 50-day EMA at $2,540 supports a potential short-term bullish trend if maintained.

Gold (XAU/USD) is currently trading at $2,571.08, down slightly by 0.01%, reflecting some consolidation near critical levels. The price hovers just below a key pivot point of $2,590, with immediate resistance at that same level.

A breakout above $2,590 could signal further upside, with the next resistance targets positioned at $2,602 and $2,613. Conversely, on the downside, immediate support lies at $2,556, with further levels at $2,546 and $2,535.

The RSI stands at 56, indicating neutral momentum, but with the potential for more upside if buying pressure increases.

The price is currently hovering above the 50-day EMA of $2,540, which reinforces a potential bullish bias in the near term. However, failure to maintain this level could prompt a bearish reversal.

Traders are likely to remain cautious ahead of key economic events this week, including the FOMC meeting, which could inject volatility into the markets. A break below the $2,561 mark may trigger selling, targeting the $2,590 take-profit level, with a stop-loss at $2,546.

However, should the price maintain its position above $2,556, a bullish continuation could unfold, pushing Gold toward higher resistance levels.

In the short term, Gold is caught between a bearish signal below $2,561 and the opportunity for a bullish reversal if momentum can carry it above $2,590.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2561

Take Profit – 2590

Stop Loss – 2546

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$2900/ -$1500

Profit & Loss Per Mini Lot = +$290/ -$150

Daily Price Outlook

- Immediate resistance at $1.3227, with support at $1.3113, marks key levels to watch.

- RSI at 57 signals mildly bullish momentum with further upside potential.

- 50-day EMA at $1.3125 supports the current short-term uptrend, favoring a bullish bias.

GBP/USD is currently trading at $1.31912, up 0.24%, showing signs of steady momentum. The pair is inching closer to its key pivot point at $1.3226, which marks an important inflection level.

Immediate resistance is just above at $1.3227, followed by additional resistance levels at $1.3265 and $1.3306. On the downside, support levels are found at $1.3113, with further support at $1.3060 and $1.3003.

The RSI stands at 57, indicating mildly bullish sentiment, with room for further gains if the upward momentum continues.

The price is currently hovering above the 50-day EMA, which is positioned at $1.3125, suggesting that the short-term trend is supported by technical factors.

As long as the pair maintains levels above the $1.3125 EMA, a bullish continuation could unfold, potentially breaking above the $1.3227 resistance.

Traders are keeping an eye on macroeconomic events, including the upcoming Bank of England meeting, which could create additional volatility. For now, the pair shows a potential buying opportunity above $1.31706, with a take profit at $1.32259 and a stop-loss at $1.31415.

Should the price break below the $1.3113 support level, it could signal a shift towards a more bearish outlook.

Overall, the pair is poised between critical support and resistance levels, making the $1.3226 pivot a key determinant for the next market move.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.31706

Take Profit – 1.32259

Stop Loss – 1.31415

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$553/ -$291

Profit & Loss Per Mini Lot = +$55/ -$29

Daily Price Outlook

- Immediate resistance at $1.1135, with support at $1.1094, marks critical levels.

- RSI at 60 suggests moderate bullish momentum but not overbought.

- 50-day EMA at $1.1074 provides strong near-term support, reinforcing the uptrend.

EUR/USD is trading at $1.11258, up 0.11%, showing mild bullish momentum as it approaches key resistance levels. The pair is hovering above its pivot point at $1.1113, indicating that buying interest remains strong for the time being.

Immediate resistance is seen at $1.1135, followed by additional hurdles at $1.1155 and $1.1185. On the downside, the first support sits at $1.1094, with further levels at $1.1072 and $1.1049.

The RSI has reached 60, signaling that momentum is leaning toward the bullish side but is not yet overbought. The 50-day EMA is positioned at $1.1074, providing a solid foundation of support that reinforces a short-term bullish bias.

As long as the pair remains above this moving average, the outlook remains favorable for further gains.

Traders are likely focusing on upcoming economic data and central bank comments, as any shifts in sentiment could introduce volatility. A break above $1.1135 would confirm the continuation of the uptrend, with a potential move toward the next resistance level at $1.1155. Entry points for buyers are recommended above $1.11134, with a take profit target at $1.11504 and a stop-loss placed at $1.10948.

However, should the pair fall below the $1.1094 support level, bearish sentiment could take hold, pushing the price further toward the next key support at $1.1072.

EUR/USD - Trade Ideas

Entry Price – Buy Above 1.11134

Take Profit – 1.11504

Stop Loss – 1.10948

Risk to Reward – 1: 1.9

Profit & Loss Per Standard Lot = +$370/ -$186

Profit & Loss Per Mini Lot = +$37/ -$18

Daily Price Outlook

- Immediate resistance stands at $0.6767, with further targets at $0.6793 and $0.6816.

- RSI at 64 suggests bullish momentum but warns of near-term overbought conditions.

- Buy above $0.67336, targeting $0.67832 with a stop loss at $0.66962 to limit downside risk.

The Australian dollar (AUD/USD) is trading at $0.67478, down 0.13% for the day, as the pair continues to consolidate just above its pivot point of $0.6734.

The 4-hour chart shows a steady upward trend, although the pair has recently encountered minor selling pressure. The immediate resistance at $0.6767 is the key level for bulls to watch.

A break above this could open the door to further upside, with the next resistance levels at $0.6793 and $0.6816, where buyers may face greater opposition.

On the downside, immediate support sits at $0.6698, where the 50-day EMA aligns, providing a solid floor for the pair. If prices break below this level, the next support levels lie at $0.6667 and $0.6635, suggesting potential for a deeper pullback.

The RSI is currently at 64, indicating mild bullish momentum, but edging closer to overbought territory. This suggests that while the trend remains positive, there may be a short-term pause before the next significant move.

A break above $0.67336 offers a potential buying opportunity, with targets around $0.67832. Traders should maintain a stop loss near $0.66962 to manage risk in case of a reversal.

AUD/USD - Trade Ideas

Entry Price – Buy Above 0.67336

Take Profit – 0.67832

Stop Loss – 0.66962

Risk to Reward – 1: 3

Profit & Loss Per Standard Lot = +$496/ -$374

Profit & Loss Per Mini Lot = +$49/ -$37

Daily Price Outlook

- Immediate resistance is at $2,596.80, with further targets at $2,605.02 and $2,612.69.

- RSI is at 68, suggesting potential overbought conditions.

- Bearish below $2,585, with a take-profit target of $2,567 and a stop loss at $2,594.

Gold (XAU/USD) is trading at $2,579.50, down 0.15% on the day, and continues to hover just below its pivot point of $2,585.30.

The price action suggests that the metal is consolidating after a recent rally, but it is still holding above key support levels, indicating that a decisive move could be forthcoming.

On the upside, immediate resistance lies at $2,596.80, followed by $2,605.02 and $2,612.69. A break above these levels could signal a resumption of the bullish trend, especially if the price pushes through $2,596.80 with strong momentum.

However, the RSI is currently at 68, nearing overbought territory, which suggests a potential pause or pullback in the short term.

On the downside, immediate support is seen at $2,571.15, with further support at $2,557.04 and $2,546.20. A break below the pivot point at $2,585.30 would likely open the door for further selling, with $2,567 being a key target for traders looking to take short positions.

The 50-day EMA is currently at $2,532.60, reinforcing a longer-term bullish structure, though this level remains distant from the current price.

In conclusion, Gold's near-term outlook appears mixed, with the metal at a crossroads between continued bullish momentum and a potential corrective phase. Selling below $2,585 could yield gains toward $2,567, with a stop loss at $2,594 to limit risk in case of a reversal.

GOLD (XAU/USD) - Trade Ideas

Entry Price – Sell Below 2585

Take Profit – 2567

Stop Loss – 2594

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1800/ -$900

Profit & Loss Per Mini Lot = +$180/ -$90