Is a trend reversal in Gold and Silver coming? What lies ahead?

The weekly charts of Gold and Silver have spoken clearly on a bullish trend reversal, even if temporary. Lets look at the finer details.

GOLD weekly chart -

1) Bullish Engulfing

2) Double Hammer

3) Sell Failure

4) Low at Horizontal Support

The Double Hammer Bullish Engulfing candle on the weekly chart shows up as a Double Bottom pattern breakout on the daily chart.

SILVER weekly chart -

1) Bullish Harami with the low of the candle above previous week's low

2) Strong Sell Failure

Small congestion/ range breakout on the daily chart.

The Gold and Silver charts have spoken loud and clear indicating a strong northward move next week. However, the markets are supreme. Let time tell what happens next.

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