1. GBP/USD Analysis:

News Summary:

Following the resignation announcement of UK Prime Minister Keir Starmer, political uncertainty in the UK has begun to ease, prompting JPMorgan to reinstate its bullish outlook on the British pound. The U.S. investment bank has long argued that the pound offers attractive carry trade opportunities against other low-yielding currencies, despite broader market consensus remaining largely neutral or bearish. Starmer's resignation has brought greater political clarity, allowing the Labour Party to unite behind leadership candidate Andy Burnham. The improved political outlook has helped strengthen confidence in the pound.

Trend Analysis:

On the H4 chart, we can see GBP/USD has rebounded from recent lows but continues to trade below the 48 hours moving average. Meanwhile, both the MACD double line and histogram bars are contracting around the zero axis. The sell limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.3150]

Key Resistance Levels: [1.3340]
Pivot Points [1.3300]

2. Gold Analysis:

News Summary:

The primary catalyst behind gold's latest rebound has been the positive outcome of the first round of high-level talks between the United States and Iran held in Switzerland. While easing geopolitical tensions have provided short-term support for bullion, the broader macro backdrop, particularly the Federal Reserve's policy outlook—has become the biggest source of uncertainty for the gold market. According to the CME FedWatch Tool, investors now see an 89% probability of a Federal Reserve rate hike in December, a sharp increase from expectations prior to last week's Fed meeting. The shift toward a more hawkish policy outlook is likely to limit further upside in gold prices.

Trend Analysis:

We can see gold has retreated after a period of consolidation on the H4 chart and continues to trade below the 48 hours moving average. In addition, the MACD double line and energy bars are contracting around the zero line. The sell limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [4070]

Key Resistance Levels: [4230]

Pivot Points [4180]