The past three months in the gold market have been among the most dramatic in recent memory. Having climbed to an all-time record high of $5,595 per troy ounce on January 29, 2026, gold subsequently entered a sharp corrective phase, shedding close to 19 percent of its value before finding support. As of May 29, 2026, COMEX Gold Futures (GC1!) trade at $4,561 per ounce up 1.59% on the day — while XAU/USD spot trades at $4,540.53, still representing a gain of around 37% over the prior twelve months. On the daily charts below the upper panel showing August Gold Futures in Heiken Ashi format with an Ichimoku Cloud ... (full story)