Dear Bewildered.
Think of it this way.
Number the surfaces, 1 is external outside glass, 2 is coated with metal film, 3 and 4 are the inside pane. The inner surface =2, of the outside pane is coated with a metal film which makes it partially reflective. The metal particles are probably of a size that selectively reflect long wavelength IR, while allowing shorter wavelength visible light to pass.
The double glazed window is filled with a low pressure dry gas to protect the metal film and prevent internal condensation. That pulls the two glass sheets slightly closer together near the middle, which curves the panes.
The outer pane with surface 1 and the more reflective metalised surface 2, is slightly concave, so it tends to focus the sun into the centre of the reflection on the wall.
Because the window frame is rectangular, there is a boundary condition that causes the pane to be flatter at the straight frame sides. Therefore a slight trough forms from the four corners to the centre. Those diagonal corner troughs reflect the light that forms the 'X' on the wall.
Meanwhile the inner pane is convex which makes it divergent. External light, reflected back from surfaces 3 and 4 will be attenuated twice by having to pass through the coated layer 2 twice. That divergent rear reflector will tend to light the whole area of the wall. The flatter areas of surfaces 3 and 4, constrained by the straight frame, may be generating the faint outer circle.