I am not joking here, irrevant is as irreverant does, however, the "Egg bounce" is indeed now a pattern. Others have used ellipses, but I have documented so many Egg bounces, I trade them now.
If gold rallies, mostly likely, very likely means dollar falls. Could mean that equities make their run up too, unless the gold rally is a substantial flight for fear, and then maybe most asset classes get sold. But honestly, even with all the black swans, the chances of that happening are maybe 20%.
Short Euro....still, after taking a beating last night. Now nicely green, did get stopped on some of my posistion, 40% of 500k to be exact, but there is still a boatload of air beneath that chart structure.
Gold Egg Bounce. Note the "Embryo Poke" seems very common as the start of the bounce.
