Goldman Sachs Wave Analysis – 02 March, 2020

• Goldman Sachs reversed from support level 195.00
• Likely to rise to 205.00

Goldman Sachs recently reversed up with the daily Hammer from the key multi-month support level 195.00 (which has been reversing the price from last August).

The support area near the support level 195.00 was further strengthened by the lower daily Bollinger Band.

Given the oversold daily Stochastic- Goldman Sachs is likely to rise further toward the next resistance level 205.00. In the alternative scenario the price is likely to correct down to 185.00.