#xag #Gümüş made the upside move we were expecting and took a sell-off at the 60 resistance. If the decline continues, the 57–56 zone below could act as support and a renewed rise may follow. The invalidation condition for this structure is a close below 54.8. If a close occurs below it, the decline could continue further.

If, however, the daily close is above 63, then according to the last down-move wave, the first higher high on the daily chart would form and we would receive a trend reversal signal, and we could expect the uptrend to continue further. When 63 is broken, the 67–71–80 resistances can be followed.
If it stays below 54 during the decline, the drop could continue toward the 50 and 45 supports. The 45 support is important. As long as it remains above on the weekly timeframe, it means the uptrend is preserved.