Gold will be bullish during the next month

On the daily time frame, gold is building a big AB=CD harmonic pattern. With the Israeli war, which led to the impulse growth of gold and the creation of a continuous wave 3, we are currently near the end of wave 3 of 3, so the strength of the step has decreased and gold is involved in the important resistance area of 0.618 Fibonacci. Based on the time analysis and TRZ drawn, gold is expected to remain in an upward trend in the next 45 days and reach its previous ATH in the region of 2080. Therefore, if you intend to buy, a slight correction in the current resistance is a suitable buying position with a medium-term view and maximum profit. 5% over the next 45 days. In the lower time frame, it is recommended to look for long positions which is the same direction as the main trend.