Categories: Technical analysis

Goldman Sachs Wave Analysis 27 October, 2020

• Goldman Sachs falling inside sideways price range

• Likely to reach to 190.00

Goldman Sachs recently reversed down from the resistance level 214.00 (which is the upper boundary of the sideways price range from August) strengthened by the upper daily Bollinger Band.

The downward reversal from the resistance level 214.00 started the active short-term downward impulse wave 3 – which belongs to the longer-term downward impulse (3) from July.

Goldman Sachs is likely to fall further toward the next support level 190.00 (lower border of this price range and the target price for the completion of the active impulse wave (iii)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: GS

Recent Posts

Another Dip in Crypto Capitalization 

Market picture  The crypto market capitalisation decreased by another 1.5% to $2.27 trillion, getting closer…

3 hours ago

ANF Wave Analysis 29 April 2024

ANF reversed from key support level 113.40 Likely to rise to resistance level 132.31 ANF…

19 hours ago

GBPUSD Wave Analysis 29 April 2024

- GBPUSD rising inside minor correction 2 - Likely to rise to resistance level 1.2700…

19 hours ago

Crypto Market Retreats Due to Overhang of Sellers

Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…

1 day ago

USDJPY Wave Analysis 26 April 2024

- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…

4 days ago

Ebay Wave Analysis 26 April 2024

- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…

4 days ago

This website uses cookies