I’m not calling gold’s pullback the end of the bull market yet.

Yes, the move was ugly. Spot gold recently dropped nearly 10% in one session after breaking above the historic $5,000/oz level, and the two-session fall went beyond 13%. That is not a tiny dip. That is the market basically yelling, “calm down.”

But here’s why I’m still not fully bearish: big pullbacks often happen inside strong trends, especially when everyone starts treating one asset like a guaranteed safe bet. Gold ran too hot, too fast. A shakeout was almost needed.

For me, this is not a blind buy-the-dip moment. I’d rather wait and see whether buyers defend key support. If they do, this pullback could become a healthier reset. If they don’t, then the “safe haven” crowd may need a reality check.

My take: gold is not dead. But chasing it without a plan is how people turn a hedge into a headache.

#PostonTradFi $NVDA $GOOGL $XAU

Poll question:

After gold’s sharp pullback, what’s your move?