GBP/USD
Trend Theme：GBP/USD trades on a softer note below 1.2530 ahead of US PCE data.
Trend Review：GBP/USD trades on a weaker note around 1.2502 during the early Asian trading hours on Friday. The modest rebound of the US Dollar weighs on the major pair despite weaker US GDP growth numbers. The US Personal Consumption Expenditures Price Index data on Friday will be in the spotlight.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.25049 * | 1.25089 ** | 1.25154 *** |
| 1.25024 | Support* | 1.24984 * | 1.24959 ** | 1.24894 *** |
Weekly forecast：
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USD/CAD
Trend Theme：USD/CAD extends its downside below 1.3670, investors await US PCE data.
Trend Review：The USD/CAD extends its downside near 1.3655 on Friday during the early Asian session. The decline of the US Dollar to the two-week lows around the mid-105.00s exerts some selling pressure on the pair.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.36608 * | 1.36635 ** | 1.36687 *** |
| 1.36583 | Support* | 1.36556 * | 1.36531 ** | 1.36479 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices were again supported by supply concerns as Israel stepped up its air strikes on Rafah in Gaza.
Trend Review：Oil prices closed higher on Thursday as Israel stepped up its air strikes on Rafah in Gaza, amid concerns about disruptions to supplies in the Middle East and as U.S. Treasury Secretary Janet Yellen said the U.S. economy was performing well.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 83.844 * | 83.901 ** | 84.07 *** |
| 83.732 | Support* | 83.675 * | 83.563 ** | 83.394 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold soars as US economic woes and inflation fears grip investors.
Trend Review：Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2330.78 * | 2331.87 ** | 2333.57 *** |
| 2330.17 | Support* | 2329.08 * | 2328.47 ** | 2326.77 *** |
Weekly forecast：
