Reversal for Gold and Silver

Gold and Silver had broke out from a long consolidation in early August and have since receded to that breakout point. It now looks like they are making a short term reversal, in the form of an upside down head & shoulders, from that point. Moreover, the last candlestick on both of them appears to be a breakout, giving them bullish indications.

Gold:

Silver:

If the last candlestick is a true breakout, one can expect a target price of around $1780.00 on gold and $34.50 on Silver.