Goldman Sachs Group, Inc. (GS) continued to rise in its latest intraday trading, approaching our previous target at the resistance level of 816.00, preparing to test it. The stock remains supported by sustained movement above the 50-day SMA and is under the control of a medium-term uptrend, while trading along a short-term supporting trend line.
Therefore, we expect the stock to extend its gains in the upcoming sessions, especially if it breaks above 816.00, targeting the next resistance level at 880.00.
Todays price forecast: Bullish.