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Gold Report

Technically, December gold futures prices closed nearer the session low Monday and hit another fresh three-week low. The gold market bears have the near-term technical advantage. The gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the October high of $1,361.80. Bears\\\' next near-term downside breakout price objective is closing prices below solid technical support at the October low of $1,251.00. First resistance is seen at Monday’s high of $1,288.80 and then at $1,300.00. First support is seen at Monday’s low of $1,278.10 and then at $1,270.00.

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