ZG Inverted...

Taking a look at Gold this morning and a pattern which seems to repeat in this commodity is the inverted roof, take a look;There's a striking similarity between the current pattern we find ourselves in and that from mid-2008 (the second Inverted Roof pattern highlighted on the above chart) where price broke out, only to result in a fake-out and rush to cover.
Similarities exist between Inverted Roof patterns and Inverted Head & Shoulder patterns, and it looks as though price has recently traced out an inverted H&S pattern, which could play out shortly (interesting that within the current inverted H&S there was also a little H&S pattern within).