Join Now to get
Up To The Minute Alerts
on BREAKOUT COINS…
2 years ago
The 1970’s were a classic time in music, fashion, politics, and history; much more, it was the decade with the biggest, by far, and most lucrative Gold boom ever. Wearing this precious metal became something of a status symbol. The celebrities we’re all rocking it, and the bigger the gold chain or watch, the better. What do you think happened next? The Gold price, then, took off like a rocket ship. 🚀
The other day, I jumped an uber to downtown Jersey City, NJ, to hit a few bars and grab some good eats. It was a blast from the past: there were dozens of 1970-style murals painted on the sides of buildings. That 70’s style has resurfaced for sure, mostly with the fine ladies: fringe, flares and frayed jeans 👌 were spotted throughout the day. It’s almost laughable to think that a fashion change could give away hints of the Gold market’s next move in the new decade.
In our opinion, the upcoming charts speak more than volumes about the precious metal’s potential move to fresh all-time highs over the upcoming 10 years.
The rise of electronics and technological adoption, combined with colour tv and a new world of entertainment, were perhaps the biggest catalysts of this wild upswing in the Gold price over the last half century.
Short term – $33.22 – .382 Fibonacci retrace level.
Medium term – $36.67 – 1-2-1 Fibonacci extension target.
Longer term – $46.16 – Fibonacci golden pocket resistance.