$Xag $Silver 70.783 has maintained its bottom and the RSI divergence formed on the 4-hour chart was activated, buyers started to come in gradually.


If there is a rise towards 83, this level is the Fibonacci 0.618 level of the last downward wave. Here, a decision is made whether the decline continues or is complete.
If it cannot surpass the 89,371 peak, there may be another decline. If a close is made above it, and the last significant support holds, the rise could continue towards 90 with a renewed attempt to go higher.
On closes above this level, it tests the upper resistance levels.
If it cannot surpass 90 during the intermediate rally, a decline may occur again.
Technically, the 66-60 range is a zone where buyers have previously entered. Buyers may strengthen again in this area.
As long as it maintains its bottom at 60, the possibility of an upward movement still continues.
XAG-0.92%
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