$AGLD Short Liquidation Sparks Volatility—What Comes Next?
A significant $1,120.6 short liquidation at $2.71981 has stirred the $AGLD market, with bulls stepping in to capitalize on the momentum.
The sudden liquidation has positioned the $2.75 level as a critical zone, drawing attention from both bulls and bears.
If AGLD can maintain its upward trajectory, the next major resistance sits at $3.00, a psychological level that could pave the way for a rally toward $3.10 or higher.
On the other hand, bears are regrouping, setting stop-loss levels around $2.75 to guard against unexpected breakouts.
For bulls, $2.60 serves as a key support level, offering a safety net in case of a pullback.
The battle now revolves around whether ,$AGLD can sustain its momentum above $2.75.
A breakout could signal bullish dominance, but failure to hold might lead to a retest of the $2.50 support.
As volatility increases, traders should stay vigilant, manage risk, and watch for decisive moves in the coming hours.