Supply Demand Technical Analysis

GBPUSD is starting a downtrend, look forward to these areas for the trend continuation later on. Better confirmation when the trendline broke after hitting one of the areas.

 

The next is AUDUSD where the price is confirming a downtrend with two trendlines broken. Now just wait for a retracement before going down further.

 

The same goes for NZDUSD where we just look forward to selling. No trendline formed means that we have to wait a bit longer for the retracement.

 

Didn't expect Gold would retrace last Monday. But congratulations to those who took the sell on the supply area. The initial TP is already hit.