EGLD formed Falling wedge and also showing MACD + RSI bullish divergence.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (161.95). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EGLDUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Based on the current technicals this could breakout 72$ levels soon and reach new heights for short and long term.... May be even 100$. This is not any recommendation, do your own research before investing.