Hi traders happy Sunday to you all! Last week on gold market was great with green candles at the opening of the week. However, the market ended the week bearish. We are going to be looking at gold price behaviors all through out last week trading days, and what we might possibly be expecting this week. But before then, Lets touch Bitcoin a little by making a short review on price.
BITCOIN SHORT REVIEW:
Bitcoin displayed a bearish outlook recently, with price breaking $115k price level lower to $114,788 price level. price quickly rebound back to $118k price level. at the time of writing, Bitcoin market is priced at $118,200. At the moment, there are too many uncertainty surrounding this bull run sentiment as market displays mixed variables.
personally I feel we are almost at the top of this run. I feel if we take one more bullish leg, that might be the end of the cycle. However, market can play out differently as there are too many institutional influence in the market, all with different Goals and target. Bitcoin price is currently at $118270. If we break $120k during this leg, we have higher possibility that price might record new ATH. you are advice to trade wisely and secure what you have already made so as to stay safe.
We will now go into last week gold market review.
A COMPLETE REVIEW ON LAST WEEK GOLD MARKET PRICE BEHAVIOR AND WHAT TO EXPECT THIS WEEK:
So last week on gold, market printed many green candles, with with spot and futures traderS printing so much $$ from the market as price went as far as hitting $3438.99 price level, but failed to reach up to $3500 recent ATH price level. Well, those moves were enough to print good money from the market, with members of my community making lots of money from the signals I sent to the community.
Gold opened last week on the 20,July,2025 with the market price of $3,347{H} and quickly dropped to $3,344{L} within a single candle on the 15 minutes TF { time frame }. From where price quickly push up to $3,358, with a little pull back into $3,350 price level, profits taken by short sellers. Price immediately impulse up with a strong rally into $3,402 price level at the upper territory. There we had an impulse down, resulting from profits taking and retail liquidity dismissing. And dropped to the price of $3,383 price level, where price found a strong support.
From where we saw Bullish pricing, and long entries. Price immediately Impulse up to $3,432 price level. consolidating around this territory, with a quick upthrust to the price of $3438.9. Price dropped a little and consolidated around $3,433 price level for a while. There was a weak bullish liquidity within this territory with increase sell orders triggered by huge profit taking, printing large red candles with huge volumes, fueling increase in supply and sending price down to the lower territory, to the price level at $3,381. A little correction was made here with a push higher into $3,396 price level. But price could not hold this territory due to increase in supply.
Bouncing from price territory to price territory lower, Gold dropped to $3,325 price level. Market moved up a little into $3340.5, due to some market participant pricing the recent low with buy orders entering the market; some retail folks, trying to catch fallen knifes. Price quickly dropped to $3,336 level where the market closed for the week.
WHAT ARE WE EXPECTING TO SEE THIS WEEK FROM GOLD?:
Well, it is most times difficult to predict exactly what the market might be playing in the future. But due to price behavior, we may have a higher probability to predict the market. At the moment, we are in a sell program. However, it seems to me like the market has found rest { reached the floor} I can't tell since there are no activities at the moment. But going by 15 minutes TF, we have this level at the higher territory which might appear to be an area of good Interest, the market will sure needs to take this level at $3,373 price level. { for clarity, please view the image below}.
Viewing from 3 hour time frame, we can discover ascending channel formed within the level. in a lower price territory, we have more than 2 touches and about 2 touches at the upper resistance area. {check the image below}.
From the price behavior,we can be expecting either of the following occasions to play; 1 {one}, price may consolidate within a tight range in a lower price territory at $3,337 price level. After the consolidation is completed, market will launch us into another sell program, driving price into $3,193 price level. take a look at the image below.
However, if market doesn't play that way, price might push up to $3,403 price level. This might fuel more buying pressure sending price higher . And if the resistance at $3435 price level is broken, we have a higher probability that gold might be heading to $3500 price level. view the image below:
CONCLUSION:
Some times, market always play differently from our expectations, that is why as a typical trader, you must have a good plan for entry and exit, to help manage your risk and protect your capital. It is necessary to keep in mind that the analysis above is meant only for educational purposes, and doesn't indicate any financial or investment advise. Before you take actions based on the analysis above, please always do your own research, which will help you increase confidence on yourself and improve your market involvement. Thank you for stopping by, if you love this analysis/ review, please follow and hit that like button below.
