11:16 am PST. Gold has a classic zigzag pattern which I suspected would occur, but did not trade like it would happen. I think yesterday at the close I had a momentary lapse of confidence in my overnight swing short trade, which I only made worse by adding on short at the open, then ultimately stopped out at the high. Classic newbie mistake, that I did trading options, which I am new to trading. Go figure. Maybe it is time I go back to trading stocks. GLD has to closed below 116.50 today to indicate that gold plans to sell off. The U.S. indices rallied back up and this morning’s sell off was another buying opportunity. I bought VXX puts on the sell off.