Analysis of today's market

Gold prices edge slightly higher during the North American session at the beginning of the week, up by 0.28%, as investors await the Federal Open Market Committee (FOMC) decision. At the time of writing, the XAU/USD trades at $2,643, above its opening price but off the highs of the day.

The US economic docket remains light with the release of S&P Global Flash PMIs for December, which came mixed. Business activity in the manufacturing sector weakened after improving last month, while the services sector printed its highest reading in 2024

Gold opened at around 2652 and rose to around 2656 at the highest and around 2651 at the lowest before press time.Pay attention to the resistance of 2670-2680-2690 If it fails to break through, it will test 2640-2630-2620