×

This asset is in the dreaded 'Vomiting Camel' pattern

Technical analysts love to talk about pattern types—"head and shoulders," "cup and handle," "triangle" and so on.

But the vomiting camel? That's an obscure one, even for most chartists.

Money manager and "Fast Money" trader Brian Kelly posted a recent gold chart on Monday, noting that it had formed the aforementioned pattern.

From a recent high on Oct. 21, the yellow metal has fallen more than $75 (that decline makes up the "vomit" part of the camel formation).