Jun. 21 at 2:50 PM
$RGLD rejected last week at a key confluence zone: former support turned resistance, a descending trendline, and the 50 EMA.
The shooting star candle suggests sellers are still defending this area, and bulls failed to reclaim momentum at resistance.
As long as price stays below this overhead zone, the trend remains corrective rather than bullish.
For now, it’s a “wait for breakout confirmation” setup rather than an early entry.
