GOLD: It's a real mess

[TradingPuzzles]

After the Israeli airstrike on Hamas leaders in Qatar, we saw that the Gold did not rise, but moved down. The peak was reached at 3675 and immediately moved down to test 3612.3.

In the current conditions we are in a complex situation. Gold created a false breakout and moved back up and confirmed a bullish triangle.
The question is, is this a bullish triangle or just a false breakout again?

I think gold can rise as the bullish pattern is only showing if something bigger can happen and we don’t know yet. So it can move without news like it did before the Israeli attack on Qatar.

If this is just a false breakout, then it could just be a moment of profit and whoever pushed the price up last week can lower it.
The downward movement will occur if the price moves below 3620. At least this comes with a little more confirmation if it does, but again there is a high risk.

If the price is not ready to move higher, it could move between 3622 - 3672 before it finds direction.

Overall it is very complex and directionless, I would say, despite the Gold remaining extremely bullish. I find it very risky as long as it is also in overextended conditions.

To be honest, I am only watching gold until it finds direction. With so many scenarios and a strange geopolitical moment, it remains very risky to trade.

You may find more details in the chart!
Thank you!