Gold has formed a virtually symmetrical 'diamond' pattern during the last month, which happens to also form the right shoulder of near perfect inverse head & shoulders bottoming pattern:

Click to enlarge

GC_4-hour

It is rare to see such symmetry in chart patterns, particularly patterns which are forming within one another. There is a good chance that this diamond pattern will resolve within the next 24 hours, which could also resolve the H&S bottom to the upside (breakout over $1280) with a measured move target of ~$1375. Stay tuned!