#黄金Technical analysis#24K99讯 At the end of the Asian session on Tuesday (September 17), spot gold suddenly accelerated its short-term rise. The price of gold had just broken through 2,585 US dollars/ounce, rebounding more than 11 US dollars from the intraday low hit earlier. Economies.com, a well-known financial information website, wrote a new article on Tuesday to analyze the technical prospects of intraday gold.

(15 minute spot gold chart source: 24K99)

According to Economies.com, the price of gold is gathering positive momentum, and the target is still at $2,600.00 per ounce.

Economies.com wrote in the article that the price of gold has been trending sideways since yesterday. It is worth noting that the stochastic indicator is trying to break away from its negative momentum and move towards the oversold region. Waiting for this factor to push the price of gold to resume its bullish trend within the day and in the short term, the next target is 2,600.00 US dollars/ounce.

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

As a result, we will maintain a bullish view for some time to come, according to Economies.com. It should be pointed out that if the price of gold falls below 2564.50 US dollars/ounce, this will push the price of gold to temporarily look at air conditioning and test the 2550.00 US dollars/ounce area. The decline may even extend to 2525.25 US dollars/ounce, and then try to rebound again.

Economies.com predicts that today's gold price will be traded onSupport levelBetween $2565.00 per ounce and resistance between $2600.00 per ounce.

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

At 14:32 Beijing time, spot gold was reported at 2585.85 US dollars/ounce.