Forex NZDUSD: New daily supply created at 0.73410
23rd November 2016
Forex EURGBP: Monthly demand imbalance in control
24th November 2016

XAUUSD / GOLD is creating brand new levels of monthly, weekly and daily supply which could provide some nice shorts but right now monthly supply has not consolidated away with decent departure so confirmation (new levels of daily supply created) would be required up there if price retest in the near term. It is best not to chase a trade so if you see the new levels of daily supply created and you want to take a trade, wait and re-think the situation, there has just been a huge drop in price and price will most likely retrace and re-align higher at strong imbalances such as monthly and weekly. Short bias!

1_xauusd_gold_supply_shorts

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