- The December Comex gold futures market is likely to be determined by trader reaction around $1461.30, a key Fibonacci level.
- Rising US Treasury yields and a stronger dollar have pushed gold prices lower. Better than expected US economic data boosted yields.
- Technical analysis recommends selling gold with a target of $1429.34 and stop loss of $1480.54.
- Silver is also recommended to be sold with a target of $16.21 and stop loss of $17.23.