EGLD
Overall Sentiment: Mixed, with short-term technical indicators suggesting a potential "sell" or "hold" signal. However, long-term sentiment remains optimistic with some analysts predicting a move to higher price points by the end of 2025. The price is currently near a key support level.
Long Trade:
* Entry Idea:
* Conservative: Wait for a confirmed bounce from a stronger support zone around $13.90 - $14.00, or a clear break and sustained close above immediate resistance.
* Aggressive: A sustained move and close above $15.20 - $15.50 with increasing volume could signal a reversal and a new upward trend.
* Targets:
* Short-term: $15.60 - $16.00
* Mid-term: $16.90 - $17.30
* Potential stretched target: $18.00 - $19.40 (retest of previous highs).
* Stop-Loss (example): Below $13.50 or $13.00 (depending on entry and risk tolerance).
Short Trade:
* Entry Idea: If EGLD fails to hold the $14.80 - $14.90 support zone and breaks down convincingly, or if it retests $15.50 - $15.60 and gets rejected with strong bearish confirmation.
* Targets:
* Short-term: $14.00 - $14.20
* Mid-term: $13.20 - $13.50
* Stop-Loss (example): Above $15.20 or $15.50.
Key Support & Resistance Levels:
* Resistance: $15.20, $15.60, $16.00, $16.90
* Support: $14.80, $14.00, $13.90, $13.20
