AUD/USD Bullish, GBP/USD Bearish: Key Setups and Gold Outlook

Last week's price action delivered clear directional signals across major forex pairs, with AUD/USD showing notable strength while GBP/USD exhibited persistent weakness. The Australian dollar's rally reflects improved risk appetite and supportive commodity dynamics, with AUD/USD pushing higher against multiple counterparts including EUR/AUD and AUD/CHF. The British pound, by contrast, has been under sustained selling pressure against the greenback, suggesting deteriorating sentiment around UK economic fundamentals or relative monetary policy expectations. Gold is also presenting a notable technical setup that traders are monitoring for potential breakout or breakdown scenarios. The divergence between AUD strength and GBP weakness offers cross-pair opportunities, particularly in GBP/AUD. Traders should focus on upcoming Australian employment data and UK GDP releases as potential catalysts. Near-term, AUD/USD bulls will look for continuation above recent resistance levels, while GBP/USD bears may target a test of lower support zones. Risk management remains critical given the current geopolitical backdrop influencing broader market volatility.