Technical analysis

Goldman Sachs Wave Analysis – 14 May, 2024

• Goldman Sachs broke the key resistance level 430.00

• Likely to rise to resistance level 470.00

Goldman Sachs continues to rise inside the accelerated impulse wave 3, which previously broke the key  resistance level 430.00.

The breakout of the resistance level 430.00 coincided with the breakout of the daily up channel from the start of January.

Give the clear daily uptrend, Goldman Sachs can be expected to rise further toward the next resistance level 470.00, target for the completion of the active impulse wave 3.

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