CLICK ON CHART TO ENLARGE
Gold & Silver have done very well over the past few months as the Dollar has declined. The rally has pushed both of them near the top of a year long trading range. On a weekly basis both may have created a “DOJI STAR” pattern this past week, that often signals a trend reversal is at hand.
With bullish sentiment edging higher for both metals (Gold- 71% Bulls/Silver- 76% Bulls) this type of pattern taking place at the top of a trading channel should increase the odds that a reversal of trend could be near!
The next two weeks should tell us a ton if a “Doji Star” trend reversal pattern was at hand!