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Well, crap. Why’d we have to wake up in bizarro world!? The yellow triangle is breached to the topside, and other resistance I was watching on this and other timeframes yesterday are now breached.

What now? Lots of time till the open but this could be a short covering blood bath starting today, no?

This is what Sir Surf City couldn’t envision: What will happen to gold if the dollar is going to the bottom of its bull flag or heck to make the bull flag bottom rail all the way down to 90!? A super short squeeze in gold up to $1240!?

Now, I find myself hoping for a false breakout and a quick drop into the open. But if gold stays up here, it’s possible according to the premarket action that gdx and gdxj open above their respective highs of yesterday.

Mark? Anyone? Your thoughts before the open please?

Zoomed below:

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