Seen some positive price action in gold since May 2nd bottom. With the equity markets in absolute turmoil, coming weeks may be favorable for gold. Regarding the price chart, we are seeing some higher lows in the 4h and 1h time frame. A breakout through the the resistance line and a retest should be kept a close eye on.
Looking at the 4h and 1h time frame, it seems GBP is looking bearish. There seems to be lower highs forming. Will look to see if it retests previous resistance laid out. Also, the current political uncertainty in the UK doesn't help right now for the GBP outlook.