Gold (XAU/USD) trades at $2,633.83, up 0.36%, showing steady buying interest. Immediate resistance lies at $2,652.90, with support at $2,628.47. Gold remains above its 50 EMA of $2,620.80, signaling bullish momentum, but testing the 200 EMA at $2,632.78 may cap gains. A sustained break above $2,652.90 could extend the rally, while a drop below $2,628.47 may turn sentiment bearish. Traders should monitor $2,628 for directional clarity.

Sterling Holds Steady as Manufacturing PMI Matches Forecast

The British Pound (GBP) remained stable as the Nationwide HPI m/m surged by 0.7%, exceeding the 0.1% forecast but below the prior 1.2%. Meanwhile, the Final Manufacturing PMI met expectations at 47.3, reflecting ongoing sectoral challenges.

The mixed data highlights limited upward momentum for the Pound as investors eye upcoming economic indicators to assess the broader recovery path for the UK economy.

GBP/USD Technical Analysis