FX.co ★ Analysis of Gold for May 10, 2023 - Potential for the further growth towards upside references

Technical analysis:

Gold has been trading upside yesterday and today there is the intraday morning pullback, which can be a good area for potetnial upside continuation.

Due to the strong upside cycle on the Gold and test-reject of the intraday support at $2.029, I see potential for the further growth towards upside references.

Upside objectives are set at the price of $2.052 and $2.077

Fibonacci confluence support is set at the price of $2.024