Money Talk Daily

While the last two days have been uninspiring, gold did start the week by bouncing off the support we had hoped for and turned in a nice performance through Wednesday. Thursday and Friday show indecision and a pause – almost as though gold is trying to figure out what to do next having broken through resistance at $1,725 and closing out the week just north of the 75-day moving average. Still, we’ll take it. We didn’t give up our gains, and we’re still on the right side of the moving averages. Let’s see what next week has in store for us.

Click to enlarge chart.