$Xag $Silver 70.783 continues to protect its bottom. When a 4-hour close occurs above the reaction rise of 78,893, it may continue towards 83.


The 83 level is the Fibonacci 0.618 level of the last downward wave. A decision is made here whether the decline continues or is complete.
If it cannot surpass the 89,371 peak, there could be another decline. If a close occurs above it, and it maintains the last significant support, the rise may continue towards 90.
In case of a close above this level, it tests the upper resistances.
In the interim rally, if it cannot surpass above 90, a decline may occur again.
Technically, the 66-60 range is also a zone where buyers have previously entered. Buyers may strengthen again in this region. As long as it maintains the 60 bottom, the possibility of an upward movement still continues.
XAG-0.01%
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