$AGLD Traders Face the Heat.

In a dramatic turn of events, $5,032.20 worth of short positions were liquidated at the critical price level of $2.582. This massive liquidation signals an intense battle between bulls and bears in the market.

What Happened.

Short traders, betting on a price decline, were forced out as $AGLD surged past the $2.55184 mark. This price breach likely acted as a key resistance level that bulls decisively conquered, triggering a cascade of liquidations.

Market Analysis:

Key Support Zone: $2.20 - $2.30

Resistance to Watch: $2.60 - $2.75

Bullish Momentum: If the bulls maintain their push, we could see test higher levels, possibly aiming for $3.00.

Bearish Reversal: A drop below $2.50 could reintroduce bearish sentiment, targeting the $2.20 support zone.

Why Does This Matter.

Liquidations often fuel volatility, creating opportunities for savvy traders. The $AGLD price action shows significant buying pressure, signaling potential upward momentum. However, resistance levels may test the bulls' strength.

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