This wave will unfold towards the 161.8 percent Fibonacci projection level, based on the length of the wave (1) and the peak of the wave (2) at $2,165. The metal has broken twice below a support at $2,077.75, provided by the lower trendline of a triangle, significantly increasing the chance of a further fall to $2,029. Resistance is at $2,102, a rise above which will extend to $2,129. 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.