1. GBP/USD Analysis:

News Summary:

The latest preliminary UK May Composite PMI fell sharply to 48.5 from April’s 52.6, marking the first contraction since April 2025 as the index slipped below the key 50 threshold. Service-sector activity weakened to its lowest level since January 2021, while the earlier boost to manufacturing from inventory stockpiling also began to fade. Meanwhile, UK April CPI eased to 2.8% year-over-year from 3.3% in March, although ongoing volatility in energy and fuel prices has complicated the outlook for future inflation trends.

Trend Analysis:

We can see GBP/USD on the H4 chart has staged a modest rebound and is currently trading near the 48 hours moving average. In addition, both the MACD double line and histogram bars are converging above the zero axis. The buy limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.3340]

Key Resistance Levels: [1.3520]
Pivot Points [1.3370]

2. Gold Analysis:

News Summary:

According to analysts at TD Securities, interest rates are likely to remain elevated for the rest of the year, while the yield curve is expected to stay broadly around current levels. This suggests that once the market fully prices in further rate hike expectations, the marginal negative impact on gold could gradually diminish. At the same time, the U.S. labor market remains resilient, with initial jobless claims declining last week. This gives the Federal Reserve more room to stay focused on combating inflation, but it also indicates that the economy is not slipping into recession, limiting the potential for a full-scale surge in safe-haven demand for gold.

Trend Analysis:

On the H4 chart, we can see gold continues to move sideways near the 48 hours moving average. Meanwhile, both the MACD double line and energy bars are expanding around the zero axis. The buy limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [4470]

Key Resistance Levels: [4600]

Pivot Points [4500]