EGO is looking good to try a long here. It's pumping and trending, and actually has broke out from main bearish trendline. I think it could pump more reaching highs at 0.055
In the dynamic world of gold mining, Eldorado Gold Corporation (NYSE: NYSE:EGO ) emerges as a beacon of success, reporting robust production figures for the fourth quarter of 2023 and achieving its full-year guidance. The recent announcement of preliminary gold production of 143,166 ounces in Q4 and an impressive 485,140 ounces for the entire year reflects...
Good volume profile near the trendline support ++ favorable market sentiment + needs to claim and close above EMAs -
EGO Long Currently and bottom of the trading range/Major support (third test of the bottom of the range) momentum slowed down and a gap reversal formed Still in an uptrend on the weekly timeframe Has potential to break out of trading range and make new highs
Hi guys, sharing my chart how i will play gold today. Happy trading!
it is preparing for uptrend breakout!
as per request, analysis on EGO I would wait to buy in the lower range in the box. The STOCH RSI always come down to around the 0 level before a move back higher. it seems to follow that pattern, looking back on the daily chart and see reversals happen when it bottoms out also, the Fibonacci support levels are pretty close from the big dump previously and also...
Do you want to trade the AMEX:SPY market, because you feel that we found the bottom? Every trader can see some TA pattern in the market to find the "proof". But what about our EGO? Trying to catch the bottom is like trying to catch a knife. It's very hard and it hurts. I will show you, what we do with our portfolio and what we expect from the markets in the...
but so far ..supply outweighs demand..
EGOs run seems to be over for now, it had produced a continuation gap (bearish candlesticks), but that alone isn't enough to make a confirmation. After today with the 10% drop on shelf offering news.. it formed a bearish engulfing candle. Bearish engulfing also alone by itself is not enough to say bearish also.. so you look for volume confirmation. It seems we...
Earnings out with CC at 11:30am... Australia is rallying hard with gold miners and gold is up big overnight. Earnings were decent but nothing crazy. Hoping for Greek mine updates this morning and we should be off the the races again bollinger band gave me a buy signal.... upper band 8.32 middle 8.05 lower band 7.78 look at those for pivots or gaining/losing...
In my previous post, I was bearish on EGO and bought a few puts thinking it was ready to turnover agan. Now watching it after it cooled off and has been; making higher lows the past few days, not breaking the trend line.. I am cautiously bullish. Looks ready for a push into the 8's. I bought some near ITM calls to grab some profit from the next push. More volume...
Looking for exhaustion on the EGO run from 3's. Volume is declining and approaching OPEX.. support around 6.80s then maybe look around the 6.00 area for support. finding support is tough on these kinda runs. GLTA
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EGO has nice bull flag and expecting a rebound the beginning of this April.