by Warren Bevan
Stocks rested mostly this past week along with markets who continue to setup for another round of higher prices as summer rolls along at a typical fast pace.
Metals didn’t do too much either this past week but they did show a few flashes of weakness which were quickly quashed as support levels held and now they look set to move back higher.
[…] Gold lost just 1.07% this past week and it’s trying to move out of this falling wedge now.
Gold was weak and trying to show a breakdown as it moved under the 21 day average but Thursday saw the precious metals quickly reverse back above the 21 day average which is very positive.