A Fibonacci retracement analysis reveals that the metal has surpassed a resistance at 59,730 yuan, the 50 percent level on the fall from the Sept. 1 high of 68,690 yuan to a low at 50,760 yuan, and the next available target will be the 61.8 percent level. The break above the resistance at 59,730 yuan has absorbed a lot of the bullish momentum, consequently, a continued gain on Friday will be less likely. 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.