Following gold’s sharp retreat over the past week or so, traders are wondering how low it will go.  Is this metal in a pullback or a correction?  The former is a minor and healthy mid-upleg event, a great buying opportunity.  But a full-blown correction is a major upleg-ending selloff, meaning the worst is yet to come.  Interestingly, today’s gold seasonals are one argument in favor of the milder pullback scenario.