Gold Bulls Go for Week 5 of Gains Following ‘Historic' Sell-Off

It was an ‘up the stairs, down the elevator' move in gold in late January as the metal basically gave up an entire month's gain in a violent three-day sell-off. It was quick but sentiment in the headlines seemingly turned bearish and skeptical but the reality is price held former structure fairly well, as it was the swing-low at 4407 – which held the higher low on January 8th, which caught the low point of that pullback before buyers jumped back on the bid.