Analysis of Gold for May 10, 2023 – Potential for the further growth towards upside references
May 10, 2023 7:24 am
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
The material has been provided by InstaForex Company – www.instaforex.com
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
The material has been provided by InstaForex Company – www.instaforex.com
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