Loading ...Hi Ment 17… I have followed Rick’s pivot system for years and for short term trading his TA it is quite good…. That said, I think you must have mis-interpreted that gold seek article…. His numbers are very specific… $1171.00 is a midpoint pivot… if gold trades over it… which it did 1173. then the next target price is $1195.20 comes into play…. If gold failed to reach this mid point… then it would tank to the next level $1137.5… His trends are based upon whether these pivot points are reached or not… Surprisingly… as manipulated as gold is… his pivot points are for the most part pretty accurate for short term price targets..
Islandgold
My “hope” b/c that’s all I have… lol… is the next 1195.2 gets taken out.. then.. I believe we will be in a trend change… again… after 3+ years.. time is running out..