Gold H1 Breakout Failure (V11.0)

This strategy is designed for trading XAU/USD (Gold) on the 1-hour timeframe. It identifies and trades fake breakouts of the Asian session range.

The logic is simple yet effective:

The script first marks the Asian session high and low.

Once price breaks out of this range and closes outside, it waits for confirmation by watching for price to close back inside the range.

When this re-entry occurs, the strategy takes a position in the opposite direction of the initial breakout, anticipating a false breakout or liquidity trap setup.

By focusing on these fakeouts, the strategy aims to capture reversal momentum after liquidity sweeps, making it especially effective during sessions when volatility transitions from Asia to London or New York.