$xag #Silver The hammer broke upward, and as long as it holds the 73 bottom on pullbacks, the uptrend may continue. In the upward move, the 77-80 zone could meet a tough resistance and receive a rejection, and a downward libra formation becomes active. If it cannot close above 83,056, a decline is expected from here.


If during the decline it stays below 70, the 69-65 zone is fib support. Buyers may come in around these levels. If it holds, the possibility of a rebound forms again.
If the rise continues toward the 96-101 zone, a decision will be made on whether it will be a correction or a continuation of the uptrend. If the daily can maintain itself above the 96-101 zone, another attempt at the peak may come. If it gets rejected from the 96-101 zone, a decline could happen.
On the daily, we’re watching the 60 bottom; holding it keeps the chance of an upward move alive. If there is a break, we will track the support levels at 56-54, 50,853, and 38.
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