(Kitco News) - Gold prices are moderately higher in early U.S. trading Tuesday, on some more short covering and bargain hunting following recent selling pressure that saw prices hit a nine-month low last week. The gold and silver bears still possess the firm near-term technical advantage, which suggests both markets will continue to struggle. First support is seen at Monday’s low of $1,205.40 and then at last week’s low of 1,201.30. Wyckoff’s Market Rating: 3.0December silver bears have the firm near-term technical advantage as prices hit a five-month low last Friday. Next support is seen at last week’s low of $16.43 and then at $16.25.

Source: Forbes November 22, 2016 19:33 UTC