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VIP MARKET UPDATE: $EGLD

EGLD pumped after the breakout of the inverse head and shoulder pattern but got dismissed from the EMA 200 opposition.

Presently, it is again retesting above the neckline of the inverse head and shoulder, which is also the S/R level support.

A bounce is expected from here. The invalidation is a breakdown retest of the S/R level, which would definitely be a negative sign for EGLD.

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