# Gold Wave 3 Starts

> Gold breaks falling wedge as Wave 3 begins.
- Title: Gold Wave 3 Starts · TradingView | Shortify
- Summary: Gold breaks falling wedge as Wave 3 begins. Gold price breaks Wave 1 high to start Wave 3 of Elliott Wave pattern.
- Keywords: gold, elliott waves, tradingview, wave 3, falling wedge, take profit, business, finance, Wave, Starts
- Source: TradingView — https://tradingview.com/chart/GOLD/sEztVk0i-Long-Gold-on-Start-of-Wave-3-of-5
- Published: 2026-09-16T09:57:11+00:00
- Read time: 1 min
- Topics: gold, elliott waves, tradingview, wave 3, falling wedge, take profit, business, finance
## Elliott Wave Pattern
This idea presents Gold's recent move down as a Wave 2 of 5 forming a falling wedge pattern.
## Wave 3 Expectation
Price is expected to break the top of Wave 1 to start Wave 3 of 5.
## Take Profit Target
The take profit target is set at the top of Wave 1 of 5.
## Stop Loss Setup
Stop loss is set where the count would be invalidated by a 5th wave.
## Wave 3 Breakout
Price breaks Wave 1 high to confirm Wave 3 of 5 pattern.
## Key takeaway

Gold price breaks Wave 1 high to start Wave 3 of Elliott Wave pattern.