GBP/USD
Trend Theme：GBP/USD surges above 1.2630 on Fed dovish tone, eyes on BoE rate decision.
Trend Review：The GBP/USD pair surges to one-week highs above the 1.2600 mark during the early Asian trading hours on Thursday. The uptick of the pair is bolstered by the weaker US Dollar and the dovish comments after the Federal Reserve (Fed) meeting.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.2675 * | 1.2722 ** | 1.2809 *** |
| 1.2588 | Support* | 1.2541 * | 1.2453 ** | 1.2406 *** |
Weekly forecast：
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AUD/USD
Trend Theme：AUD/USD continues to move upward as Aussie Employment Change improves.
Trend Review：The AUD/USD extends its gains on the second consecutive day on Thursday and delivers its strongest performance in four months after moderate employment data release from Australia. The AUD/USD pair gained ground and trades around 0.6700, benefiting from a substantial decline in the US Dollar.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 0.6715 * | 0.6760 ** | 0.6847 *** |
| 0.6628 | Support* | 0.6584 * | 0.6497 ** | 0.6452 *** |
Weekly forecast：
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WTI
Trend Theme：The contradiction between supply and demand highlights the tension, the dovish Federal Reserve keeps interest rates unchanged, and oil prices rebound from multi-month lows by more than 1%.
Trend Review：The outlook for oil in 2024 and beyond is even more pessimistic following Wednesday’s COP28 agreement. Speculators have played a major role in this trend, slashing long positions while increasing short positions. Market dynamics have been exacerbated by excessive concerns about oil demand growth, which has had a negative impact on market sentiment.
Today Advise：Netural
Key Levels：
| PP | Resistance* | 70.79 * | 71.50 ** | 72.91 *** |
| 69.38 | Support* | 68.68 * | 67.26 ** | 66.56 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold gains traction above $2,000 as dovish Fed comments weaken US Dollar.
Trend Review：Gold surges above $2,000 during the early Asian session on Thursday. The weaker US Dollar and Treasury yield after the Federal Reserve (Fed) meeting boost the yellow metal. The XAU/USD price is trading at $2,020, up 0.16% on the day.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2041.22 * | 2058.43 ** | 2092.48 *** |
| 2007.17 | Support* | 1989.96 * | 1955.91 ** | 1938.70 *** |
Weekly forecast：
