Eldorado Gold's 15min chart triggers RSI oversold, bullish Marubozu formation.

Eldorado Gold's 15-minute chart has triggered an RSI reading below the oversold threshold, accompanied by a bullish Marubozu candle at 09:45 on September 18, 2025. This suggests that the stock price has experienced a rapid decline, falling below its fundamental support level, and is now under the control of buyers. Given the bullish momentum, it is likely that the market will continue to trend upward.

Gold prices have surged to unprecedented levels, with spot gold briefly hitting a new record high of $3,699.57. This rally is part of a broader upward trend for the precious metals sector, driven by a confluence of factors including a weakening U.S. dollar and expectations of dovish central bank policy.

Market strategist Otavio Costa of Crescat Capital asserts that this rally is not a bubble, particularly when looking at the gold mining sector. He notes that the ratio of junior to senior mining stocks is still 54% below its 2010 peak, suggesting that the industry is just at the beginning of this cycle Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks^[1].

Veteran economist Peter Schiff also declares that "Gold is at a new record high," with mining stocks finally leading the metals higher. Schiff enthusiastically states, "This bull market is firing on all cylinders, yet hardly anyone is aboard for the ride. Just the way I like it" Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks^[1].

Several gold miner stocks have shown strong performance in the year-to-date period. For instance, Harmony Gold Mining Company Ltd. (HMY) has seen a 77.24% increase, while Sandstorm Gold Ltd. (SAND) has surged by 112.78% Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks^[1].

The yellow metal's ascent coincides with a drop in the U.S. Dollar Index spot to a seven-week low. Darshan Desai, CEO of Aspect Bullion & Refinery, noted that "gold prices surged to another record high as the US Dollar dropped to its lowest level in seven weeks," with markets anticipating a Federal Reserve rate cut Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks^[1].

Gold is on pace for its best year since 1979, up over 40% in 2025, according to Charlie Bilello. Technical indicators also support the upward trend, with Rashad Hajiyev, the Founder of RM Capital Consulting, observing that gold broke out from its short-term consolidation and looks headed to his $3.9K target within 2-3 weeks Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks^[1].

Gold spot prices have gained 23.86% in the last six months and 43.13% over the year. Investors may consider gold and gold miner-linked ETFs such as VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), which have seen strong year-to-date and one-year performances Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks^[1].

The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ) also rose in premarket on Tuesday, reflecting broader market optimism Gold Smash Records At $3,700 As Analysts Say This Rally Is Just The Beginning Of A New Cycle For Precious Metals And Mining Stocks^[1].