$Xag $Silver 70.783 remains above the bottom, maintaining the possibility of an upward movement. If there is a rise toward 83, this level is the Fibonacci 0.618 level of the last downward wave. A decision will be made whether the decline continues or is complete at this level.


If it cannot surpass it, there may be another decline. If a close occurs above it, and the last significant support holds, a renewed attempt to rise could continue toward 90. This level's closes will test the upper resistance levels.
When a divergence occurs on the 4-hour RSI, there is a possibility of a corrective upward reaction during the decline.
If it cannot surpass 90 during the interim rally, a decline may occur again. And the decline could deepen further.
Technically, the 66-60 range is also a zone where buyers have previously entered. Buyers may strengthen again in this region. As long as the 60 bottom is maintained, the possibility of an upward movement still continues.
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