Trend reversal pattern take place in Gold & Silver last week?

Posted by Chris Kimble on 09/24/2012 at 5:43 am; This entry is filed under gold, silver.

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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!

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