24/08/2026
Harmony Takes Off
The gold price has been in a persistent correction since its record high on 28th January 2026. It has been in what technical analysts call a descending flag formation which we have drawn you attention to on several occasions. As with any formation we are looking for the direction of the breakout from that formation to give a clear idea of the future trend. In the case of gold, we have always been confident that it would break to the upside – and that is what it did last week on 19th August 2026.
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