Eldorado Gold's 15min Chart: RSI Overbought, KDJ Death Cross Triggered.
ByAinvest
Monday, Sep 22, 2025 2:33 pm ET1min read
EGO--
Gold prices surged to unprecedented levels, with spot gold briefly hitting a new record high of $3,699.57 [1]. Market strategist Otavio Costa of Crescat Capital asserts that this rally is "not a bubble," particularly when considering the gold mining sector [1]. Costa highlights that the ratio of junior to senior mining stocks is still 54% below its 2010 peak, suggesting the industry is "just at the beginning of this cycle" [1].
Veteran economist Peter Schiff declared that "Gold is at a new record high," with mining stocks finally leading the metals higher [1]. Schiff enthusiastically stated, "This bull market is firing on all cylinders, yet hardly anyone is aboard for the ride. Just the way I like it" [1].
Eldorado Gold's performance has been robust, with a year-to-date performance of 79.92% and a one-year performance of 58.95% [1]. Despite these gains, the technical signals indicate a potential downturn. The RSI (Relative Strength Index) Overbought signal suggests that the stock has been overvalued relative to its historical average, while the KDJ (Keltner Channels) Death Cross signal suggests a bearish trend reversal.
The yellow metal's ascent comes as the U.S. Dollar Index spot dropped to a seven-week low, currently around 96.9870 [1]. 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 [1].
Charlie Bilello points out that "Gold is on pace for its best year since 1979, up over 40% in 2025," reinforcing the significant momentum [1]. Technical analyst Rashad Hajiyev observed that "Gold broke out from its short-term consolidation and looks like it is headed straight to my $3.9K target" [1].
The confluence of a weakening dollar, expectations of dovish central bank policy, and strong technical indicators, alongside the undervalued mining sector, suggests that gold’s rally may indeed have substantial room to run, as Otavio Costa and other experts contend [1].
Eldorado Gold's 15-minute chart has triggered both RSI Overbought and KDJ Death Cross signals at 09:30 on September 22, 2025. This indicates that the stock price has risen rapidly and exceeds its fundamental support, suggesting a shift in momentum towards a downward trajectory with potential for further decline.
Eldorado Gold's 15-minute chart has triggered both RSI Overbought and KDJ Death Cross signals at 09:30 on September 22, 2025. This indicates that the stock price has risen rapidly and exceeds its fundamental support, suggesting a shift in momentum towards a downward trajectory with potential for further decline. This technical analysis comes amidst a broader bullish trend for gold and mining stocks.Gold prices surged to unprecedented levels, with spot gold briefly hitting a new record high of $3,699.57 [1]. Market strategist Otavio Costa of Crescat Capital asserts that this rally is "not a bubble," particularly when considering the gold mining sector [1]. Costa highlights that the ratio of junior to senior mining stocks is still 54% below its 2010 peak, suggesting the industry is "just at the beginning of this cycle" [1].
Veteran economist Peter Schiff declared that "Gold is at a new record high," with mining stocks finally leading the metals higher [1]. Schiff enthusiastically stated, "This bull market is firing on all cylinders, yet hardly anyone is aboard for the ride. Just the way I like it" [1].
Eldorado Gold's performance has been robust, with a year-to-date performance of 79.92% and a one-year performance of 58.95% [1]. Despite these gains, the technical signals indicate a potential downturn. The RSI (Relative Strength Index) Overbought signal suggests that the stock has been overvalued relative to its historical average, while the KDJ (Keltner Channels) Death Cross signal suggests a bearish trend reversal.
The yellow metal's ascent comes as the U.S. Dollar Index spot dropped to a seven-week low, currently around 96.9870 [1]. 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 [1].
Charlie Bilello points out that "Gold is on pace for its best year since 1979, up over 40% in 2025," reinforcing the significant momentum [1]. Technical analyst Rashad Hajiyev observed that "Gold broke out from its short-term consolidation and looks like it is headed straight to my $3.9K target" [1].
The confluence of a weakening dollar, expectations of dovish central bank policy, and strong technical indicators, alongside the undervalued mining sector, suggests that gold’s rally may indeed have substantial room to run, as Otavio Costa and other experts contend [1].
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