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$xag #Silver If it maintains the 72,054 level, the upward move may continue. It may test the 79-81 region.
However, in this region, a bearish libra formation is forming. It can act as resistance. If it fails to close above 83,056, a decline is expected from here.
If, during the decline, a close below 72 occurs, then the 69-65 region are Fibonacci supports. Buyers may come in around these areas. If it holds, the possibility of a renewed rise will increase.
If the rise continues up to the 96-101 region, a decision will be made whether it will be a correction or the continuation of the uptrend. If there is sustained daily strength above the 96-101 region, another attempt at the peak may come. If it gets rejected from the 96-101 region, a decline could happen.
During the decline, we will follow the daily bottom at 60. Its protection keeps the possibility of a rise alive. If a breakdown occurs, we will monitor the supports at the 56-54 region, and at the 50,853 and 38 levels.