KGC is testing a critical resistance zone as it approaches 1996 all-time highs. The momentum indicators are showing extreme readings—RSI pushing toward 90 levels—which typically signals either a potential breakout or an overbought pullback. While strong momentum can briefly push price through major resistance and trigger FOMO-driven buying, the real test comes after: can it hold gains above these levels? That's where the picture becomes clearer. Watch how price reacts at and above this zone; it'll tell you whether this is a genuine breakout or just a false tag before mean reversion.
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KGC is testing a critical resistance zone as it approaches 1996 all-time highs. The momentum indicators are showing extreme readings—RSI pushing toward 90 levels—which typically signals either a potential breakout or an overbought pullback. While strong momentum can briefly push price through major resistance and trigger FOMO-driven buying, the real test comes after: can it hold gains above these levels? That's where the picture becomes clearer. Watch how price reacts at and above this zone; it'll tell you whether this is a genuine breakout or just a false tag before mean reversion.