Goldman Sachs Wave Analysis – 30 December, 2019

• Goldman Sachs reversed from resistance area
• Likely to fall to 225.00

Goldman Sachs recently reversed down from the resistance zone lying between the resistance level 231.00 (top of the previous impulse wave (c)) and the upper daily Bollinger Band.

The downward reversal from this resistance area started the active short-term impulse wave (c) of the ABC correction (b).

Given the overbought daily Stochastic – Goldman Sachs is expected to fall further toward the next support level 225.00 (former monthly high from November).