$AGLD The lower counter-trend line has already been broken, and price is now testing a very important horizontal zone.
At the same time, a major descending trendline — which has been pushing the market downward for a long period — is still in play.
If both the horizontal resistance and the descending trendline are successfully broken, the market could deliver a 2x rally in the coming days.
However, the breakout is not confirmed yet.For a valid entry, price needs a strong candle close above this level.
