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#xag #Gümüş broke the kama upward with high volume, as we expected. Even if there is a pullback, the uptrend may continue as long as it stays above 55.
During the rise, the 60 level could act as resistance and another drop may occur. If it holds 55, the drop break can be considered as a retest, and the upside expectation remains.
If, with a daily close above 63, the first higher high on the daily timeframe would appear relative to the last down move wave, and we would receive a trend reversal signal—so further continuation of the rally can be expected.
When it breaks the 63 resistance, you can follow the 67-71-80 resistances.
Since it closed below 56 on the daily, if it cannot make a close above 63, there is a possibility that the decline continues. Then a drop could come toward the 50 and 45 supports.
The 45 support is important. On the weekly timeframe, as long as it stays above it, it means the uptrend is preserved.