The current price is US$ 1053 and trading below the falling 200 period daily moving average of US$1417. This metal has broken below the Fibonacci 78.6% retracement level from the high, based on the entire $2175 to $826 range traded since August 2024. Strong support is expected at the $826 area. Although this metal is a strong bearish trend, the extremely low reading of the MACD-V indicator of minus 117 could signify a strong counter-trend move in the not too distant future.

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