Copper faces a potential resistance zone between 5.18 and 5.30, where seven Fibonacci extension targets align with the May 2024 peak. If this level holds, a retracement to 4.984–4.75 is possible. This area is supported by a three-point Fibonacci symmetry and the 34 EMA wave.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.