Jun. 7 at 4:38 PM
$KGC has stayed under pressure since the bearish reversal at descending resistance on April 21, marking a clear shift in momentum.
Bulls attempted a bounce two weeks ago near rising support, but weak follow-through showed lack of conviction.
Last week sellers took control again, rejecting price at the 50 EMA and breaking below symmetrical triangle support.
Structure has now shifted bearish, with prior support likely acting as overhead resistance on any rebound.
Until a clean base forms and a reversal signal appears, bears remain in control of the trend.
