#黄金技术分析 #24K99讯 At the end of the Asian market on Tuesday (April 23), spot gold maintained a sharp decline during the day. The price of gold is currently around 2306 US dollars/ounce. Economies.com, a well-known financial information website, wrote a new article on Tuesday to analyze the technical prospects of intraday gold.

According to Economies.com, the price of gold has overcome the bearish target of $2325.90 per ounce, paving the way for a further sharp decline in gold.

Spot gold closed down $64.95, or 2.72%, to close at $2327.18 per ounce on Monday, the biggest one-day decline in more than a year.

In the Asian market on Tuesday, spot gold plummeted further, and the lowest price of gold hit 2295.44 US dollars/ounce.

Economies.com wrote in the article that after starting today's trading, the price of gold fell strongly and fell below the support level of $2325.90 per ounce. This indicates that the golden day is expected to see more air conditioning as a whole. The next target for the gold price is 2260.60 US dollars/ounce.

(4-hour spot gold chart source: Economies.com)

Economies.com added that we expect the price of gold to decline further in the next few trading sessions. Looking at the 4-hour chart of gold, the 50-period exponential moving average (EMA) forms bearish pressure. However, if the gold price breaks through $2325.90 per ounce, this will stop the bearish pressure and may cause the price of gold to try to return to the main bullish trend.

Economies.com predicts that today's gold price trading will be between the support level of $2275.00 per ounce and the resistance level of $2335.00 per ounce.

According to Economies.com, today's expected trend for gold prices is bearish.

At 14:14 Beijing time, spot gold was reported at 2305.82 US dollars/ounce.