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#xag #Silver's Fibonacci support at the 56 level worked and it reached the previously broken support at 60. The broken support is now acting as resistance.
When buyers strengthen, there could be a rise towards the 67 level. If it stays above 67, it could test the 71-80 levels.
If it can stay above 89 during the rise, the possibility of testing the peak again increases.
If it closes below the 56 support, then supports at 50 and 45 can be followed. 45 support is important. As long as it stays above it on the weekly, it means the uptrend is preserved.
#TradFiCFDGoldMasters
When buyers strengthen, there could be a rise towards the 67 level. If it stays above 67, it could test the 71-80 levels.
If it can stay above 89 during the rise, the possibility of testing the peak again increases.
If it closes below the 56 support, then supports at 50 and 45 can be followed. 45 support is important. As long as it stays above it on the weekly, it means the uptrend is preserved.