Goldman Sachs Group, Inc (GS) surged higher in its latest intraday trading, successfully breaking above the key resistance level of $816.12. The stock continues to receive positive support from trading above its 50-day simple moving average, within a short-term uptrend and along an ascending support line. In addition, positive signals are appearing on the relative strength indicators, despite remaining in overbought territory.

 

Therefore, we expect the stock price to rise in its upcoming trading sessions, particularly as long as it remains above $816.12, targeting the first resistance level at $880.75.

 

Today’s price forecast: Bullish.