We talked about a consolidation on gold back on July 16, where we mentioned and highlighted that it’s forming a bullish triangle pattern in wave 4, which can shoot the price higher within wave 5th wave. CLICK HERE
As you can see today, on September 3rd, gold is breaking out of a 4th-wave bullish triangle consolidation, but this could be a penultimate move, meaning the 5th wave is now in progress. However, there may still be room for gold to reach the 3600–3800 first target area this year before a bear market and a higher-degree correction emerge, ideally in 2026.
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