#黄金技术分析 #24K99讯 At the end of the Asian market on Tuesday (May 21), spot gold maintained an intraday downward trend. The price of gold is currently around 2,413 US dollars/ounce, falling about 20 US dollars from the intraday high of 2433.13 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 begun to look at air conditioning as a whole; once it falls below 2,400.00 US dollars/ounce, the price of gold may experience a further decline.

Spot gold closed at $2425.89 per ounce on Monday, rising $11.39 on the same day, or 0.47%. The price of gold once surged to 2450.11 US dollars/ounce in the intraday session on Monday, a record high.

Economies.com wrote in the article that the price of gold is under bearish pressure and has fallen below 2431.44 US dollars/ounce, which opens the way for gold prices to begin a bearish adjustment. The gold price target is to test $2340.10/oz, which is the next bearish target.

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

According to Economies.com, it is predicted that the price of gold will show a bearish trend today. Once the price of gold falls below the $2,400.00 per ounce mark, this will reinforce expectations that the price of gold will continue to decline. On the other hand, if the price of gold breaks through the levels of 2431.44 US dollars/ounce and 2450.00 US dollars/ounce, this will stop the expected decline and cause the price of gold to return to its main bullish trajectory.

Economies.com predicts that today's gold price trading will be between the support level of $2390.00/oz and the resistance level of $2430.00/oz.

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

At 13:41 Beijing time, spot gold was reported at 2413.46 US dollars/ounce.