Gold reversal diamond Bottom patttern or symmetrical Triangle?
Gold appears to be forming a **reversal Diamond Bottom** pattern. However, the left side of the pattern is not perfectly shaped, which could be due to the weekend price action and recent news events. Interestingly, the price has moved back inside the overall diamond structure, keeping the pattern valid for now.(Bullish)
On the other hand, if we ignore the imperfect left side of the formation, the price action resembles a **symmetrical triangle**. If this interpretation is correct, gold could continue moving lower if it follows the triangle's bearish breakout path.(Bearish)
For now, both possibilities remain on the table. Let's see how the price action develops before drawing any firm conclusions.