Goldman Sachs Groups stock price (GS) rallied in the intraday levels after leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the short term.

The gains are accompanied by a surge in trading volumes, and positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $420.76, provided the support of $389.44 holds on

Expected trading range: between the support of $389.44 and the resistance of $420.76.

Trend forecast: Likely Bullish