The XAGUSD pair on H1 has been consolidating near key support levels following a prolonged downtrend. The recent low at 57.561 coincides with a significant volume spike (10341), indicating strong buying pressure that could signal a potential reversal. The price has bounced off this support multiple times, suggesting its psychological importance. The current structure shows a bullish engulfing pattern forming at the base of the consolidation, with the close above the 57.600 level reinforcing the strength of the rebound. The recent highs around 59.500-59.600 act as dynamic resistance, and the price is now positioned to test these levels again. With…

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