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The metal is riding on a downward wave "c", unfolding towards the 161.8 percent Fibonacci projection level, based on the length of the wave "a" and the peak of the wave "b" at $1,795.66. A support at $1,728, the 100 percent level has been cleared, and the next support will be $1,687. 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.