Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why is trading gold after the US Federal Reserve raised interest rates.

He is setting longs at current levels ($1,226/oz) and on dip to $1,220/oz. The stop is below $1,210/oz and his targets are $1,248/oz and $1,264/oz.

O'Hare features technical analysis of a selected trade every Thursday on Trading Floor.