GBP/USD is trading at 1.26744, 0.12% down since previous day close. GBP/USD trades softer around 1.2685 on the firmer USD, maintaining a bullish outlook above the key EMA. The key resistance level is at the 1.2700–1.2710 zone, with the initial support level at 1.2650. The pair has a two-day winning streak during the early European session on Tuesday. The Relative Strength Index (RSI) lies above the 50 midlines, indicating the least resistance is to the upside. Potential resistance levels are at the 1.27000-1.27100 region, with a break above this level paving the way to a high.

US30 is trading at 38,932.9, 0.20% down since previous day close. US stock index futures fell on Monday due to uncertainty over US interest rates and risk aversion before “Super Tuesday,” which is set to vote on the Presidential Election Primaries. Dow Jones Futures fell 0.1% to 38,974.00 points. Apple Inc.’s $2 billion antitrust fine in Europe led to losses in tech stocks, while the S&P 500 and NASDAQ Composite fell 0.1% and 0.3% respectively. As seen in the chart, the index is in an upside rally, upside momentum is expected to be seen.

XAU/USD is trading at 2122.7, 0.39% up since previous day close. Gold price is expected to oscillate through the early European session, consolidating recent gains to a three-month top around $2,120. Traders are waiting for more cues about the Federal Reserve’s rate-cut path, including Fed Chair Jerome Powell’s congressional testimony. The release of US macro data, including the Nonfarm Payrolls report, will drive US Dollar demand and support the non-yielding Gold price. Global risk sentiment and geopolitical tensions support the safe-haven XAU/USD. As seen in the chart, gold is hovering around the resistance zone, hence a breakout is expected, if breaches the level.