02.06.202309:53 Forex Analysis & Reviews: Analysis of Gold for June 02, 2023 - Strong upside momentum and potential for the further growth

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Technical analysis:

Gold has been trading upside as I expected and I see potential for the further upside continuation towards the upside references.

Due to the mid-long term upside trend and the short-term upside momentum, I see potential for the further growth towards the upside reference.

Upside objectives are set at the price of $2.047 and $2.078

MACD oscillator is showing bull reading, which is good sign for the upside continuation.

Key support is set at the price of $1.935

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