Will U.S. Dollar Weakness Be Bullish For Gold & Silver?

10 and one 10 us dollar billImage Source: 
A couple of weeks ago, we highlighted the U.S. Dollar as an asset .King Dollar was trading sideways and at important price resistance, so something had to give.Today, we revisit that “weekly” chart and provide an update on where the buck stands.As you can see, the U.S. Dollar has lost its mojo and appears to be breaking lower at (1) after forming a double top at its 50% Fibonacci level. This top formed after several weeks of trading sideways.If the Dollar continues to weaken, it would be good news for precious metals. (Click on image to enlarge)More By This Author:Germany (DAX Index) About To Send A Critical Message To Stocks In The StatesU.S. Dollar Ready For Next Move; Commodities And Equities WatchingRussell 2000 Testing Critical Price Support After Rare 100-Week Decline

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