Goldman Sachs Group, Inc. (GS) surged higher in recent intraday trading after finding support at its 50-day Simple Moving Average (SMA), which provided the stock with positive momentum and helped fuel the latest gains. Additional support came from the emergence of a bullish divergence on momentum indicators, accompanied by fresh positive signals that reinforce the constructive outlook. The primary medium-term bullish trend remains firmly in control, while price action continues to move alongside a short-term ascending trendline that supports the current advance.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $985.00 remains intact. Under this scenario, the stock is expected to target the key resistance level at $1,125.

Today's price forecast: Bullish.