The market really hasn't given up very much when you look at it visually. On a short-term basis, you have a higher high and a lower low — that is not a trend.
When we look at the gold market, you're up two and a half percent. When we take a look at the action, you've got higher lows and higher highs. That is bullish.
When we look at the gold market, you're up 1.86 percent. The pattern is bullish, though. You do have a pattern of higher lows, higher highs. So, the trend is up.
