Will a XAUUSD reach $2,700?
In the 4-hour time frame, the ounce was able to close the indusment and can still collect liquidity in the $2,650-$2,700 area.
We have two scenarios that I drew for you.
Scenario 1 is that it collects liquidity above the ceiling of the four-hour timeframe and then declines. Of course, it is not necessary to collect all the liquidity and it can be reduced sooner.
In scenario 2, after collecting the liquidity, it can close the 4-hour timeframe ceiling and continue its ascent after that.
We have two scenarios that I drew for you.
Scenario 1 is that it collects liquidity above the ceiling of the four-hour timeframe and then declines. Of course, it is not necessary to collect all the liquidity and it can be reduced sooner.
In scenario 2, after collecting the liquidity, it can close the 4-hour timeframe ceiling and continue its ascent after that.
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