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A Fibonacci retracement on the fall reveals that the metal will progress towards 57,610 yuan, the 38.2 percent level, after retracing to 54,750 yuan. A deeper retracement to 53,800 yuan will neutralize the signals. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.