Quadratic regression, supports and purpose
On the chart it is possible to see a quadratic regreession and levels of support on gold. I consider that correction is ended, but it is impossible to exclude level 0.618 more according to Fibonacci (about 2000). However, I think that further there will be a decrease to these supports with an ultimate goal about 1830-1835.
Information provided is only educational and should not be used to take action in the market.
Information provided is only educational and should not be used to take action in the market.
Note
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.