Gold Broke Out Of A Bullish Triangle Consolidation

Gold bullion rounded by istara via Pixabay

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.

Gold Broke Out Of A Bullish Triangle Consolidation XAUUSD(gold) Daily Chart
XAUUSD(gold) Daily Chart
www.wavetraders.com

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on September 01 2025:

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.