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#xag #Gümüş held firmly in the 57-56 zone we were exactly expecting, and a rally came. If it stays above the red line at the 60 level, it may test the 63 resistance.
During the rally, if the daily close is above 63, then—according to the last decline wave—the first higher high on the daily timeframe would have formed, and we would receive a trend reversal signal, so further upside could be expected.
Once the 63 resistance is broken, you can watch the 67-71-80 resistance levels.
In a deeper selloff, if it stays below 54, the decline could continue toward the 50 and 45 support levels. As long as it holds the 45 support on the weekly timeframe, it means we are in an uptrend.
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