XAUUSD Fake Breakout Reversal Strategy - SunAlgo

XAUUSD Fake Breakout Reversal Strategy | Intraday Gold Scalper
Created by SunAlgo

This indicator is built for intraday XAUUSD (Gold/USD) traders who want to capitalize on fake breakouts and liquidity traps during the high-volatility London–New York session overlap.

🚀 Key Features:
Automatically plots the Asian session high and low (00:00–08:00 UTC).

Detects false breakouts (liquidity sweeps) beyond the session range.

Confirms reversals using bullish/bearish engulfing candles.

Provides clean Buy (🔼) and Sell (🔽) signals directly on the price chart.

📈 Strategy Summary:
Gold often makes deceptive breakouts post-Asian session to trap traders.

This indicator captures those moves and signals potential reversals based on pure price action.

Best used on 15-minute charts during London–New York overlap.

🧠 Trading Guidelines:
Wait for the Asian range to be drawn after 08:00 UTC.

Look for price to break the range and close back inside.

Enter trades at signal candles with appropriate SL/TP levels.

⚠️ Disclaimer:
This indicator is for educational purposes only. Always apply risk management and confirm signals with your own judgment.