#黄金Technical analysis#24K99讯 traded early in the European market on Wednesday (September 18). Spot gold rose in the short term, and the price of gold returned above 2,570 US dollars/ounce. Economies.com, a well-known financial information website, wrote a new article on Wednesday to analyze the technical prospects of intraday gold.

According to Economies.com, the price of gold showed a bullish trend after facing a brief period of bearish pressure. As long as it remains at 256.5.00 US dollars/ounce, the outlook for gold prices is still bullish, targeting 2600.00 US dollars/ounce.

Spot gold closed down 0.5% to $2569.37 per ounce on Tuesday. The price of gold hit an intraday low of $2560.64 per ounce.

Economies.com wrote in an article that the price of gold continued to decline yesterday and is approaching $2560.00 per ounce. It is worth noting that after today's trading began, the price of gold showed a bullish trend and tried to resume the main bullish trend, so that the overall bullish scenario remains valid for some time to come. The next target for the gold price is 2600.00 US dollars/ounce.

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

According to Economies.com, the stochastic indicator sends a positive signal, which supports the expectation that the price of gold will rise. It should be pointed out that if the price of gold falls below $2565.00 per ounce, this will stop the bullish trend and push the gold price to test $2530.00 per ounce, and then try to rebound again.

Economies.com predicts that today's gold price will be traded onSupport levelBetween $2560.00 per ounce and resistance between $2600.00 per ounce.

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

At 15:21 Beijing time, spot gold was reported at 2571.26 US dollars/ounce.