Harmony Gold Shares Reverse Gains—JSE: HAR Back in Range as Gold Falls $100
As gold approaches record highs, Harmony Gold's latest share price spike suggests a possible return to bullish territory.
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Last updated: Thursday, July 24, 2025
Quick overview
- Harmony Gold's share price has rebounded sharply in July, marking a 7.5% gain on July 21, signaling a return of bullish interest.
- The stock has moved above the 50-day simple moving average, indicating potential for further price increases if it can overcome resistance near 28,000 ZAC.
- Gold prices are nearing record highs, driven by geopolitical tensions and economic uncertainty, which benefits gold producers like Harmony Gold.
- Harmony Gold has shown strong financial performance, with a 75% gain year-to-date and impressive revenue growth, positioning it as a top-performing stock in 2024.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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