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it seems that EGLD is something in this between, as one may observe it has switch its channel to upper level which could be a good sign as EGLD reacted to $130 support level and surge up, if EGLD could pass its dynamic trend line on $165 EGLD may go toward upper and important resistance zones on $171, $205 & $276 respectively, otherwise it may crash down again to $111 & $66 support levels respectively.
The best senario for EGLD is that, it may continue its movement upward regarding the momentum which it has already gained, hence in case it break its dynamic trend line at $165, it might be a long signal and $171, $205 & $276 are the zones one may make it risk free to go.
This is a personal idea, and I am not a financial adviser.