Aug. 6 at 2:33 AM
Eldorado Gold Corporation
$EGO (8hr)
Bullish Flow: Eager market participants are stepping up to the plate, absorbing supply right above key structural support as bids stack up on the tape. 🐂 💧
Bull Key Level:
$35.05 (Bull confirmation to break local downtrend resistance and trigger trend reversal) 🐂 🔥
Bear Key Level:
$26.21 (Key structural support floor and multi-week demand level to defend) 🐻 ⚠️
Targets:
$44.30 /
$50.94 💰 🍻
Why: Price action is carving out a clean accumulation phase and tightening up nicely following the prior flush on the 8h timeframe. Reclaiming this value area sets the stage for a strong rotation higher.
#ego | #eldoradogold | #preciousmetals | #stocktrading | #hovdid