Based on the 15-minute chart of Allied Gold, a golden cross has been triggered by the KDJ indicator, accompanied by a bullish marubozu at 08/14/2025 13:30. This suggests a shift in momentum towards the upside and a potential for further price increases. The current market is characterized by strong buying activity, which is likely to continue driving bullish momentum.
Title: Allied Gold: Bullish Momentum Following KDJ Golden Cross and Marubozu
Allied Gold Corporation (TSX: AUNC) recently exhibited a notable technical development on its 15-minute chart, which could significantly impact the stock's performance. On August 14, 2025, at 13:30, the KDJ indicator triggered a Golden Cross, accompanied by a bullish Marubozu candlestick pattern. This combination suggests a shift in momentum towards the upside and a potential for further price increases [1].
The Golden Cross, a bullish signal, occurs when the K-line (fast) crosses above the D-line (slow) in the KDJ indicator. This pattern often signals a shift in momentum towards the upside, indicating a potential for price appreciation [1]. The bullish Marubozu pattern, characterized by a single candle with no wicks, signifies strong buying pressure, confirming the strength of the bullish move [1].
The current market is characterized by strong buying activity, which is likely to continue driving bullish momentum. Allied Gold's recent second-quarter 2025 results, with sales reaching US$251.98 million and updated production guidance for the upcoming quarters, highlight the company's ongoing operational momentum [2]. While the company reported a net loss for both the second quarter and the first half of the year, this could be attributed to increased costs or operational factors impacting profitability.
Investors should closely monitor Allied Gold's stock price and technical indicators to make informed decisions. The recent technical signals suggest a potential uptrend in the short term. However, it is crucial for investors to consider these signals in conjunction with fundamental analysis and broader market conditions.
References:
[1] https://www.ainvest.com/news/allied-gold-15min-chart-shows-kdj-golden-cross-bullish-marubozu-2508-82/
[2] https://simplywall.st/stocks/ca/materials/tsx-aauc/allied-gold-shares/news/is-allied-golds-tsxaauc-rising-sales-yet-net-loss-a-sign-of
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