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Gold Futures
Short

Monday Ranging: Anticipating a potential fakeout near the top of

Monday Ranging:
  • Anticipate price movement towards the high of the value area (VA).
  • Watch for a potential fakeout at the high, followed by a downward move toward the bottom of the range
Note
The price failed to break higher during the London session, but the strategy remains valid for the New York session. Currently, significant volume is observed as the price approaches the liquidity zone. Expect a potential fake breakout at the bottom, followed by a low-volume retest, presenting a buying opportunity

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Note
Price touched the previous Friday's Value Area High (VAH) and experienced a rejection, signaling a potential entry point

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A successful entry yielding a 4R return
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Note
Potential short on NY session
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Note
The price didn't sweep the high liquidity but returned to the previous VAH, presenting a strong entry opportunity

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GannTrend Analysis
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