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Trading Idea - Goldman Sachs, 07-12-2023
Trading Signal: #S-GS
| Order | Sell |
| Direction | Bearish |
| Pattern | Resistance Line Breach |
| Interval | Daily |
| Length (Candles) | 7 |
Idea Summary
The medium term Goldman Sachs stock price forecast is bearish. The GS stock price is testing a resistance after breaching above it and reflecting off Fibonacci 38.2 level. Most likely the price will continue falling and return below resistance to test the 200-period moving average MA(200) while there is a likelihood it may reverse and start rising to test again the Fibonacci 38.2 level.
Note:
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