Gold breaks the weekly losing streakGold / U.S. DollarFOREXCOM:XAUUSDFOREXcomLast week was the type of environment where gold bears should've had some run, as the Fed not only hiked rates but warned of another hike - and US Treasury yields saw the 10-year push up to the 5% marker. And bears did get a bit of run after the FOMC rate decision but Thursday and Friday brought a strong finish to the week, and last week broke the three-week losing streak after resistance showed up just below the $4700 marker. For next week buyers have an open door to make a push, and the first big level overhead is the $4400 spot that held the highs in the latter portion of the week. On a shorter-term basis, the falling wedge highlighted last week remains in-place after the Thursday and Friday rallies. - JS