GBP/USD

Trend Theme:GBP/USD remains on the defensive below the mid-1.2600s ahead of US GDP data.
Trend Review:The GBP/USD pair holds below the mid-1.2600s during the early Asian trading hours on Thursday. The downtick of the pair is backed by the weaker-than-expected UK inflation data and a modest recovery of the US Dollar. The major pair is trading at 1.2638, up 0.08% on the day.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.2699 * | 1.2771 ** | 1.2807 *** |
| 1.2663 | Support* | 1.2590 * | 1.2554 ** | 1.2482 *** |
Weekly forecast:

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AUD/USD

Trend Theme:AUD/USD maintains its position below a major level post recent losses.
Trend Review:The AUD/USD retraces its recent losses on Thursday after pulling back from a five-month high at 0.6779. The US Dollar gained ground against the Aussie Dollar in the previous session on the back of improved economic data from the United States. Consequently, the pair snapped its five-day winning streak.
Today Advise:Netural
Key Levels:
| PP | Resistance* | 0.6761 * | 0.6797 ** | 0.6815 *** |
| 0.6743 | Support* | 0.6708 * | 0.6690 ** | 0.6654 *** |
Weekly forecast:

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WTI

Trend Theme:The Red Sea risk masked the impact of increased US supply, and oil prices held above the 21-day EMA.
Trend Review:On December 20, international oil prices rose and fell, affected by the increase in crude oil inventories in the United States, but the risk of disruption of the Red Sea transport channel still gave oil prices increased support, helping oil prices to stick above the 21-day average.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 74.92 * | 76.03 ** | 76.66 *** |
| 74.29 | Support* | 73.18 * | 72.55 ** | 71.44 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold consolidates gains and threatens the 20-day SMA.
Trend Review:The XAU/USD sees a downward shift to around the $2030 level, highlighting a 0.55% decline. US yields show weakness, which may limit the downside for the metal. Markets are bracing for Friday’s inflation data, which is likely to set the pace of the price dynamics for the short term.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2039.04 * | 2048.25 ** | 2052.94 *** |
| 2034.35 | Support* | 2025.14 * | 2020.45 ** | 2011.24 *** |
Weekly forecast:

