BTC PitchfanJust posting for future reference.
Pivot points for pitchfan are:
#1: 48221.29
#2: 38565.86
#3: 42972.78
Pitchfan was placed while on logrithmic price scale
Rektplebs
Gold: 1535 Approaching; Still a Perma Bear? BAD Choice...Remember the last and recent fall to 1484? I said not to worry and that was for a good reason.
While people on this website have been bearish forever on Gold and Silver - just waiting for the price to plummet into the 1300s, I am happy to say its not happening. In fact, its time to seriously start considering going long in Gold and Silver if you have not already done so before FOMO sets in and you start seeing daily 2.5-3% gains on the metallics.
Once we reach 1600 in Gold and 18 in Silver, you will see massive moves to the upside with lesser and lesser retracements as we push our way through most of the heavy resistances that were present in the 1300s, 1400s and 1500s.
We are quickly approaching 1535 with 1550 within the next week or two depending on geopolitical, political and economic news. I see some retracements still possible from the 1550s and 1580s however it will be "news dependent" and nothing drastically significant.
My advice is to ALWAYS check people's "history" of ideas when using their advice for actual trading - especially with your hard earned money on the line. It is important to look for consistency and accuracy over MANY ideas: not just someone with the most "followers". Clearly for those looking at Gold and Silver, 98% of this platform (and even on TV) have been wrong otherwise we wouldn't have made it close to 1500 a long time ago.
- zSplit
