THE VIEW IS ADJUSTED FOR AN EXTENDING BULLISH TREND
The recent breakthrough above our T1 bullish target necessitates a revision of our general outlook.
Key levels and price action: The medium-term bullish scenario depends on the commodity staying above the crucial S1 support level during any corrections.
A significant correction from R1 back to T1 is likely, which would address the historically overbought RSI conditions.
Potential for further gains towards T2 and T3 over time, as shown.
Medium conviction is applicable.
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