Welcome to our daily technical analysis of the financial markets, focusing today on GBP/USD and Gold. Let's dissect the latest news, market trends, and crucial price levels to watch out for.


1. GBP/USD Analysis:
News Summary:
Bank of America said currency markets were grappling with how to trade the pound amid rising bond yields. The budget did not receive a positive response from the bond market. UK bond yields rose, with the 2-year yield rising almost 20 basis points and the 10-year yield rising 15 basis points, which may indicate that the chancellor has overestimated the market demand for more UK sovereign debt issuance.

Trend Analysis:
We can see GBP/USD rebounded and returned to near the 48 hours moving average on H4 chart. In addition, the MACD double line and energy column continues to converge below the zero axis. The sell limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.2870]
Key Resistance Levels: [1.3030]
Pivot Points [1.2990]
2. Gold Analysis:

News Summary:
A Trump win is widely seen as positive for the dollar, although many believe this outcome has already been priced in, with a Trump presidency and full control of Congress likely to have the biggest impact as people will anticipate a sharp sell-off in U.S. Treasuries, causing the dollar to soar. Gold could face a sell-off after the U.S. election, especially if Trump wins. A victory for Trump, who has proposed tax cuts, could boost stocks. In the month after Trump's 2016 victory, gold prices fell 8.2%.

Trend Analysis:
We can see gold's H4 level fluctuated and fell back to below the 48 hours moving average. On the other hand, the MACD double line and energy bar begins to converge below the zero axis. The sell limit could be used, stop loss is compulsory.

Today's Key Price Levels:
Key Support Levels: [2700]
Key Resistance Levels: [2760]
Pivot Points [2750]