Slurry electrolysis is an effective technology for recovering gold from waste printed circuit boards (WPCBs). However, electrochemical oscillation during the gold recovery process is a potential factor affecting power consumption. As a result, the potential oscillation behaviors of gold dissolution at a constant current were studied. These results showed that the periodic formation and dissolution of the Au-OH passive film on the anode induced electrochemical oscillation. The amplitude and frequency of electrochemical oscillation were affected by hydrochloric acid concentration, current intensity, electrode spacing, and sodium chloride concentration, among which the concentration of sodium chloride had a significant inhibitory effect. Under the following conditions: hydrochloric acid concentration of 8 mol/L, current of 0.03 A, and electrode spacing of 1.5 cm, the obtained maximum amplitude potential and frequency were 1.17 V and 0.56 Hz, respectively. The phase space reconstruction results showed that the systems evolved between the near-linear equilibrium region and the periodic oscillation region. Different factors induced two oscillation modes: top-down and bottom-up. The top-down and bottom-up oscillations induced by current intensity, hydrochloric acid concentration, and electrode spacing reduced the relative power consumption by 11.8, 17.2, and 11.8 %, respectively, and increased the relative power consumption by 14.3, 21.2, and 30.1 %, respectively. A critical value was obtained, which varied oscillation patterns and gained a region of lower power consumption. The addition of trisodium citrate and PVP can improve gold recovery rate and current efficiency by regulating process of electrochemical oscillation. This work will provide theoretical support for recovering valuable metals from WPCBs with reduced energy consumption by controlling the external conditions to switch the oscillation mode.