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.

Comment:

Trade closed: target reached