#黄金技术分析 #24K99讯 At the end of the Asian session on Thursday (April 25), spot gold continued to rebound. The price of gold has now risen to around 2,323 US dollars/ounce, rising 18 US dollars from an intraday low. Economies.com, a well-known financial information website, wrote a new article on Thursday to analyze the technical prospects of intraday gold.

(30 minute chart of spot gold source: 24K99)

According to Economies.com, as long as the price of gold remains below $2325.90 and $2338.10 per ounce, the outlook for gold remains bearish.

Economies.com wrote in the article that until now, the price of gold has remained below $2325.90 per ounce, so that the bearish trend scenario for gold will remain valid for some time to come. Looking at the 4-hour chart of gold, the 50-period exponential moving average (EMA) forms bearish pressure. It is important to note that our next target for the gold price is $2260.60 per ounce. This level is a 38.2% Fibonacci retracement level where the price of gold rose from 1984.16 US dollars/ounce to 2431.44 US dollars/ounce.

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

Economies.com added that on the other hand, we would like to point out that if the price of gold breaks through $2325.90 per ounce and $2338.10 per ounce, this will stop the expected decline and cause the price of gold to return to the main bullish trend.

Economies.com predicts that today's gold price trading will be between the support level of $2295.00 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 14:57 Beijing time, spot gold was reported at 2323.36 US dollars/ounce.