Allied Gold's 15min chart shows KDJ Death Cross and Bearish Marubozu.

As per the 15-minute chart of Allied Gold, a KDJ Death Cross and Bearish Marubozu occurred on August 12, 2023 at 3:30 pm. This indicates a shift in momentum towards a downward trend, with potential for further depreciation. Sellers currently dominate the market, and it is likely that bearish momentum will persist.

Allied Gold (ALD) experienced a significant shift in momentum on August 12, 2023, as a KDJ Death Cross and Bearish Marubozu pattern appeared on its 15-minute chart at 3:30 pm. This technical indicator signals a downward trend, with potential for further depreciation in the stock price. Sellers currently dominate the market, indicating that bearish momentum is likely to persist [1].

The company's operational resilience and strategic capital allocation have been key drivers of its performance. Allied Gold has extended mine life and reduced costs through operational excellence and strategic expansion projects. For instance, the Sadiola Phased Expansion, a $70 million capital expenditure, aims to boost throughput by 60% and target 400,000 ounces of gold production annually by 2027, with all-in sustaining costs below $1,200 per ounce [2].

However, the recent technical indicators suggest that investors should be cautious. The KDJ Death Cross and Bearish Marubozu patterns are classic signs of a trend reversal, indicating that the stock may continue to decline. Given the current market conditions, investors should closely monitor Allied Gold's performance and consider the potential impact of these technical signals on the stock price.

References:
[1] https://www.kitco.com/opinion/2025-08-11/gold-swot-peoples-bank-china-increased-its-gold-reserves-july
[2] https://www.ainvest.com/news/allied-gold-high-conviction-outperform-call-cost-driven-volatility-expansion-catalysts-2508/