EUR/USD
Trend Theme：EUR/USD hamstrung in the midrange ahead of Friday full of key data.
Trend Review：EUR/USD dipped to 1.0790 on Thursday before a broad-market recovery forced the Greenback lower across the board. US GDP growth eased in-line with market expectations, and rate-cut-hopeful investors are taking a cautious step forward ahead of Friday’s key data prints.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0832 * | 1.0836 ** | 1.0842 *** |
| 1.083 | Support* | 1.0826 * | 1.0824 ** | 1.0818 *** |
Weekly forecast：
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GBP/USD
Trend Theme：GBP/USD trades with mild gains above 1.2700, focus on US PCE data.
Trend Review：The GBP/USD pair edges higher near 1.2730 during the early Asian session on Friday. The USD Index faces some selling pressure, and this provides some support to the major pair. Investors will closely monitor the US Core Personal Consumption Expenditures Price Index for April, which is due later on Friday.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.2731 * | 1.2735 ** | 1.2742 *** |
| 1.2728 | Support* | 1.2724 * | 1.2720 ** | 1.2713 *** |
Weekly forecast：
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WTI
Trend Theme：Unexpected increase in US refined oil inventories + weak fuel demand, oil prices continued to fall by nearly 2%, waiting for OPEC+ to rescue the market.
Trend Review：Oil prices fell for a second straight session on Thursday after a U.S. government report on weak fuel demand and an unexpected build in gasoline and distillate fuel inventories.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 77.599 * | 77.719 ** | 77.919 *** |
| 77.519 | Support* | 77.399 * | 77.319 ** | 77.119 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price advances modestly, all eyes on US PCE data.
Trend Review：Gold price rises modestly on Friday on the back of the softer US dollar and lower US yields. Traders place higher bets that the Federal Reserve will cut the interest rate this year after the recent weaker US GDP data. Furthermore, the geopolitical risks and conflicts in the Middle East might boost the precious metal.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2347.4 * | 2349.84 ** | 2354.52 *** |
| 2345.16 | Support* | 2342.72 * | 2340.48 ** | 2335.8 *** |
Weekly forecast：
