$EGLD is tightening right at the edge of that falling wedge on the 8H chart and the pressure is building with every candle. I’m watching how buyers are stepping in on each dip with stronger reactions and if this wedge finally gives the breakout we’re waiting for, the shift in momentum can be explosive.
Once the breakout confirms, the path opens quickly toward 8.50 and 9.10 with the next impulse aiming for 10.30 and 11.70. If the move follows the usual extension of this pattern, 12.60 becomes the final zone where the rally can burst with real strength.
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$EGLD is tightening right at the edge of that falling wedge on the 8H chart and the pressure is building with every candle. I’m watching how buyers are stepping in on each dip with stronger reactions and if this wedge finally gives the breakout we’re waiting for, the shift in momentum can be explosive.
Once the breakout confirms, the path opens quickly toward 8.50 and 9.10 with the next impulse aiming for 10.30 and 11.70. If the move follows the usual extension of this pattern, 12.60 becomes the final zone where the rally can burst with real strength.