Gold is on weekly high we can see on daily time frame range is getting tighter and tighter on 4hr iwi any break and close below the peanut will be a good signal for sell.
as well as RSI is showing divergence
That pattern youv identified is a perfect bullish pennant continuation pattern (look it up online :) ) and the divergence on the RSI is actually hidden bull as last two major higher lows that price formed on the chart, have printed as lower lows on the RSI
@JamesEvison, your are right about this specific pattern. its continuation a pattern but this is not the only thing we can see for trade as you know we are at key structure level on weekly and daily there would be a great chance we may see a relief before heading bullish and we that is the case I usually would not consider this pattern.