Gold Movement
Gold prices traded higher by 0.96% against the USD in the 24 hour period ending 23:00GMT, at 1071.20 per ounce.
However, the gains in gold prices were capped after the US Federal Reserve hiked interest rates for the first time in more than nine years.
In the Asian session, at GMT0400, the pair is trading at 1067, with the gold trading 0.39% lower from yesterday’s close.
The pair is expected to find support at 1059.37, and a fall through could take it to the next support level of 1051.73. The pair is expected to find its first resistance at 1076.27, and a rise through could take it to the next resistance level of 1085.53.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.
