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$xag #Silver The 0.382 Fibonacci level support at 74.433 found buyers. As long as it holds this support, an upward move toward the 79-81 area could occur.
There is a possibility that this region will act as resistance. If it cannot close above 83.056, another decline could come from here.
The first support on the decline is at 71.987. If it cannot hold, the next support is at 69. If it holds, another upward move could occur.
If the rise continues up to the 96-101 area, a decision will be made whether it will be a correction or the continuation of the upward trend. If daily stability is maintained above the 96-101 area, another attempt at the peak could occur.
If it is rejected from the 96-101 area, another pullback could happen.
On the daily chart, if the 60 bottom is broken, we will monitor the supports at 56-54, 50,853, and the 38 levels.