1. GBP/USD Analysis:

News Summary:

UK government bonds and stocks rose after the Chancellor of the Exchequer unveiled a widely anticipated budget, reassuring investors that the government remains committed to fiscal discipline. UK government bonds advanced, led by longer-dated securities, as the government's debt issuance plans were broadly in line with market expectations. Gains in banking and gambling stocks lifted the broader market, as tax increases targeting these sectors were less severe than previously feared.

Trend Analysis:

We can see GBP/USD rebounded amid fluctuations on the H4 chart and traded near the 48 hours moving average. Meanwhile, the MACD double line and histogram bars continued to expand below the zero axis. The buy limit could be used, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.3270]

Key Resistance Levels: [1.3400]
Pivot Points [1.3300]

2. Gold Analysis:

News Summary:

Gold prices remained under pressure and fluctuated around the $4,000 level. State Street Investment Management maintained its forecast that gold could rise to between $4,750 and $5,500 by the end of the first quarter of 2027 but lowered the probability of this scenario to 60%. Gold prices plunged in September amid rising expectations of Federal Reserve rate hikes, higher US Treasury yields, and a stronger US dollar, although gold ETFs continued to attract inflows. The firm's report warned that the Federal Reserve may be overestimating the productivity gains from AI, raising the risk of stagflation.

Trend Analysis:

On the H4 chart, we can see gold rebounded amid fluctuations and traded near the 48 hours moving average. However, the MACD double line and histogram bars showed diminishing momentum near the zero axis. The buy limit could be set, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [3950]

Key Resistance Levels: [4100]

Pivot Points [4000]