1. GBP/USD Analysis:

News Summary:

The British pound remains under pressure as market expectations for near-term Bank of England rate hikes continue to cool, pushing UK gilt yields lower and weighing on sterling. However, the pound’s recent rebound suggests that downside momentum is beginning to ease. GBP/USD is currently trading within a narrow range as bullish and bearish factors remain mixed. On one hand, the ongoing military conflict between the United States and Iran, along with delays in reaching a diplomatic agreement, has intensified geopolitical uncertainty and continued to pressure the pound. On the other hand, the pair has attracted buying interest and staged a modest rebound, indicating that bearish momentum may be gradually weakening.

Trend Analysis:

We can see GBP/USD on the H4 chart has pulled back again and remains below the 48 hours moving average. Meanwhile, both the MACD double line and histogram bars continue to expand below the zero axis. The sell limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.3270]

Key Resistance Levels: [1.3440]
Pivot Points [1.3400]

2. Gold Analysis:

News Summary:

International gold prices remained under pressure on Thursday, with the market closely watching developments surrounding the US-Iran situation as well as the upcoming US PCE inflation data release. As security concerns around the Strait of Hormuz once again moved into focus, safe-haven demand continued to provide support for gold prices. However, expectations that the Federal Reserve will maintain elevated interest rates for longer have limited further upside potential for the precious metal. Meanwhile, the absence of a formal agreement on the US-Iran issue suggests that crude oil prices may still face upside risks going forward, indicating that the market could be underestimating the potential for higher energy prices.

Trend Analysis:

On the H4 chart, we can see gold continues to trade in a consolidative downward trend and remains below the 48 hours moving average. In addition, both the MACD double line and energy bars are expanding below the zero axis. The sell limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [4300]

Key Resistance Levels: [4450]

Pivot Points [4400]