Bearish Rejection from Supply

During the NY session open, Gold (GC1!) broke above the 30-min ORB high at 3335.8, briefly entering a known supply zone (3342–3345). The move lacked follow-through and immediately reversed — signalling a liquidity sweep and classic NY session trap setup.

This invalidates the bullish breakout and supports a short-biased play back toward the ORB low and into deeper demand.

Trade Details:
Entry: 3336.0 (short after failed breakout + rejection candle)

Stop Loss: 3342.0 (above the supply zone high)

Take Profit 1: 3327.1 (ORB low)

Take Profit 2: 3320.0 (prior demand zone)

Take Profit 3 (optional): 3315.0 (liquidity void fill)

Risk:Reward: ~1:1.3 to TP1, ~1:2.2 to TP2

Position Type: Short

Execution Time Frame: 5-min/15-min

Model Tags: Liquidity Sweep, NY Session Fade, Supply Rejection

🔍 Quant Notes:
Price action exhibited a false breakout — NY session opened with an expansion move above ORB high, which was immediately rejected.

Re-entry into the ORB range confirms buyer exhaustion and makes a move back to the ORB low highly probable.

Bearish bias is reinforced by multiple upper wicks, supply zone rejection, and failed structure reclaim.

Key Confirmation:
Bearish engulfing or strong close back below 3335

Failure to reclaim EMAs or trend line

Momentum shift on 5-min with volume divergence

Closing Thoughts:
A failed ORB breakout into supply during NY open is a classic trap — and today’s price action on GC1! fits the model. This short setup targets the full ORB range retrace with potential continuation if sellers hold control.