Copper Eyes Silver Rally and May Be Preparing to Chase OANDA:XCUUSD By MR_gold2 — TradingView

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📈 Technical Analysis
• Overall medium-term trend is upward
• Prices are currently rebounding strongly from the strong demand area of ​​5.65 – 5.70
• Currently in the midst of an upward correction in the supply area

➡️Current Trend: Correction Up Amid Strong Supply

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🌊 Elliott Wave Analysis
• Previous rises represent impulse waves.
• Recent decline = corrective wave ABC
• Current rallies tend to be short-lived upward C-waves or the beginning of a new 1-wave

Most likely scenario:
✔️Complete the correction and return to a gradually rising state

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⏱ time period
• Bottom areas occur approximately every 10-14 candles
• We have reached the time reversal window and the rally has begun

➡️Timing supports the continuation of short-term rise

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🔢 Numerical Analysis (Fibonacci)

Judging from the last wave of decline:
• 38.2% ≈ 5.82
• 50% ≈ 5.88
• 61.8% ≈ 5.95

It is compatible with:
🟥Current display area

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📰 Fundamental analysis
• Copper is supported by:
• Industrial recovery expectations
• Stable demand in China
• But economic worries are weighing on top executives

➡️Basic: Neutral, biased toward the positive

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🕯 Price Action
• Strong rejection candle from demand zone
• Higher lows formed clearly
• Upward momentum is weak near current supply

➡️We expect volatility before making our next decision

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🧱 Support and resistance levels

🟩Strong support:
• 5.65 – 5.70
• 5.80 (sub support)

🟥 Resistance:
• 5.90 – 5.95
• 5.98 – 6.00 (strongest)

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📐Art model
• Bullish range formation
• Probabilistic model:
👉 Small bullish flag within an uptrend

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🔣 Digital model
• Successful filling of lower FVG
• Now moving above FVG (potential sales area)

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🦋 Harmonics
• Bearish Gartley Model Probability
Almost completed on:
🎯5.95 – 6.00

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🟩 Supply and demand areas

Require:
• 5.65 – 5.70 (major)
• 5.78 – 5.82 (Middle School)

Quotation:
• 5.90 – 5.95
• 5.98 – 6.00

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📍 Fixed point
• Positive hold above: 5.80
• Below 5.80 = weak rebound

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🎯 Pivot area

👉 5.85 – 5.88
• Above this value = continues to rise
• Below = selling pressure returns

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✅ Final recommendation

🟢 Buy as soon as possible (best yet):

Purchase area:
👉 5.78 – 5.82

Stop loss nearby:
❌5.70

Target:
🎯5.88
🎯5.95

🎯6.00

7-8-10 Long goal
Analyst, Engineer Ihab