Gold Price at Critical Juncture with Potential Quasimodo Pattern Formation
Gold price is currently at a critical juncture. It must either surpass the swing high from July 24, 2024, or risk falling below the swing low from July 22, 2024, potentially dropping towards the next support area formed at the end of the first week of July 2024. A Quasimodo pattern is possibly forming, as the price is currently near the right shoulder level. If this pattern completes, there is a higher chance of breaking the high from July 22, 2024.