GOLD - GC | Weekly Recap & Plan 13.07.2025

🟡 GOLD (GC) Weekly Recap & Outlook
Symbol: GC1!
Date: Week of July 8–12, 2025
Timeframes Used: 4H, Daily, Weekly, HTF structure

🔍 What Happened Last Week?
Gold saw a strong rejection from a confluence of two HTF trendlines, signaling resistance.

But that move was absorbed by:
🟦 Daily Demand (blue zone)
🔵 Daily Swing Liquidity (blue line)

This builds a bullish structure on the daily chart.

🧭 Scenarios I'm Watching
Scenario 1 — Minor Pullback:
🔹 Price may revisit the Daily Gap (pink line) and find support for continuation.

Scenario 2 — Deeper Pullback:
🟣 Price could retrace into the HTF bullish trendline (purple) before resuming upside.

🗞️ Bonus Macro Scenario: Powell Resignation?
There are growing rumors that Fed Chair Powell might resign this week.

📈 If that happens, I expect strong bullish momentum in Gold —
→ very limited retracement, and
→ potential straight breakout into new highs.

🎯 Targets for the Week:
✅ 1st Target:
W C DOL (purple line) → acts as a primary take profit area.

✅ 2nd Target (Expansion):
EQHs / DOL (extended purple levels)

Game Plan:

• Watch for LTF confirmation on both retracement zones.
  
• Maintain bullish bias unless Daily Demand fails.
  
• If Powell resigns, be ready for breakout setups.