By
Driven by a wave (c), the metal is heading towards the 38.2 percent Fibonacci projection level, a target based on the length of the wave (a) and the bottom of the wave (b) at $1,705.09. Retracement from the current level will be limited to $1,770, a support provided by an ascending trendline. 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.