Gold: Buy near Key Demand Zone

FX:XAUUSD   Gold Spot / U.S. Dollar
Are you one of those who were trapped by the recent breakout?

You are definitely not alone and many are still trapped and hanging on to their buy orders.

And what's very worrying for the buyers is that the gold has retraced significantly and beyond the 618 level which will definitely cause some form of panic.

This is the part where it matters the most because this is exactly what the institutional traders want to see.

Well, if you still have some bullets left to buy, wait patiently and observe the price action as it gets closer to the demand zone below 1410.
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