Gold Update 13AUG2025: Risk of Sideways Consolidation Gold FuturesCOMEX_DL:GC1!aibekLast Friday, August 8, the price failed to progress above the April top as it closed underneath. Hence, there are two possible scenarios from here: The price could have just completed the first wave up in a larger wave 5, and we may see a retracement. This setup remains valid as long as the price stays above the last wave E of the Triangle at $3,300. The large sideways consolidation (WXY) might take shape, potentially retesting the bottom of wave A at $3,123. In this case, the target could drop lower, with potential support in the pink box area between $3,700 and $4,100. Which one do you think plays out?