📊 $EGLD /USD – Sideways After Pullback, Eyeing Rebound
$EGLD is trading at $17.985, showing a modest +0.79% gain after retracing from the recent high of $18.223. The price has bounced near the MA(99) at $17.63, and is now trying to reclaim above the MA(7) and MA(25) at $17.936 — a short-term bullish sign.
With higher lows forming and consolidation above the key support zone, bulls may attempt another push toward the $18.20 resistance.
Scalp Trade Setup (Short-Term Long):
Entry Zone: $17.90 – $18.00
Stop Loss: $17.72
Target 1: $18.22
Target 2: $18.45 (if breakout continues)
Momentum looks neutral-to-positive, but confirmation above $18.10 would add strength.
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