#黄金技术分析 #24K99讯 At the end of the Asian market on Wednesday (September 11), spot gold suddenly rose rapidly in the short term. The price of gold had just broken through 2,525 US dollars/ounce and climbed nearly 10 US dollars during the day. Economies.com, a well-known financial information website, wrote a new article on Wednesday to analyze the technical prospects of intraday gold.

Analysts pointed out that the US dollar index maintained an intraday decline and is currently around 101.35. A weaker dollar favors the trend of gold.

According to Economies.com, the price of gold has resumed its upward trend, and the first target is 2540.00 US dollars/ounce.

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

Spot gold closed up $10.29, or 0.41%, to $2516.38 per ounce on Tuesday.

Economies.com wrote in the article that the price of gold showed a clear upward trend yesterday. Currently, the price of gold has hit the 2520.00 US dollars/ounce area. Gold needs positive momentum to help push the price of gold higher in the next few trading sessions. Currently, we are waiting for the gold price to test the first bullish target of 2540.00 US dollars/ounce. If it breaks through this level, this will push the price of gold to test 2,600.00 US dollars/ounce in the short term.

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

As a result, we will continue to predict a bullish trend in gold prices for some time to come, according to Economies.com. It should be pointed out that if the price of gold falls below $2500.00 per ounce, this will put the price of gold under bearish pressure, test the key support of 2483.40 US dollars/ounce, and then try to rebound again.

Economies.com predicts that today's gold price trading will be between the support level of $2500.00 per ounce and the resistance level of $2540.00 per ounce.

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

At 14:13 Beijing time, spot gold was reported at 2526.05 US dollars/ounce.