Decent long on GS for about 12%The chart I published shows that from the covid lows until Sept 2021 GS went on a MONSTER RUN. Then the 2022 correction ( JUST DIDNT FEEL LIKE A BEAR MARKET) allowed for some profit taking and accumulation from the smart money AKA institutions. We are late on the break-out since Goldman broke out in April/May of 2024 but thats ok bc there is still alot of upside left.
By my calculations there is close to 12% until we run into any real trouble. I will be taking this trade if I can get the entry I am looking for. I am not telling you to and I never will. I am not your daddy and I never will be.
If you like my ideals you can always copy them as your own but understand they will then be your own ideals.
I am here to share my experience and help people become better investors and traders. The first step in that direction is to understand that losses are nothing more than Market tuition and in trading/investing it will always be your fault and no one elses.
You reap all the glory and you are responsible for all the pain.
GoodLuck My fellow Traders!
GOS trade ideas
GS Testing Channel Resistance! Key Trade Setups for TomorrowAnalysis:
Goldman Sachs (GS) is approaching the upper boundary of its rising channel near $628, suggesting a potential for either a breakout or a rejection. The stock has shown strong upward momentum, rallying from the $556 support level. The MACD remains bullish, although the histogram is flattening, indicating slowing momentum. Meanwhile, the Stochastic RSI is nearing overbought levels, hinting at a possible pullback or consolidation.
Volume remains consistent, supporting the uptrend, but traders should watch closely as the stock approaches a critical resistance zone.
Key Levels to Watch:
* Resistance Levels:
* $628: Immediate resistance at the current price level, aligning with the upper channel boundary.
* $630-$635: Extended resistance zone if momentum continues.
* Support Levels:
* $620: Near-term support level within the rising channel.
* $600: Key psychological and technical support.
* $556-$560: Strong downside support, aligning with previous lows.
GEX Insights:
* Gamma Exposure (GEX):
* Positive GEX peaks at $630, signaling strong resistance.
* Support zones are solid at $600 due to substantial negative GEX positioning.
* Options Activity:
* IVR: Moderate, reflecting steady implied volatility.
* Call/Put Ratio: Leaning bullish, but resistance overhead may limit gains.
Trade Scenarios:
Bullish Scenario:
* Entry: Break above $628 with increasing volume.
* Target: $635 (first target), $640 (extended target).
* Stop-Loss: Below $620.
Bearish Scenario:
* Entry: Rejection near $628 with bearish price action.
* Target: $620 (first target), $600 (extended target).
* Stop-Loss: Above $630.
Directional Bias:
The bias is cautiously bullish as GS continues to trend higher within its rising channel. However, the $628-$630 zone poses significant resistance, and a failure to break above this level may result in a pullback toward $620 or lower.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
Long on Goldman Sachs: Capitalize on Earnings Momentum Next Week- Key Insights: Goldman Sachs is positioned for potential upside next week as
its upcoming earnings report is expected to act as a catalyst for market
movement. The overall positive sentiment in the financial sector, driven by
strong bank earnings, suggests that if Goldman reports in line with or above
expectations, it could bring investor confidence back into focus. Watch
closely for market reactions particularly influenced by inflation data and
interest rates, as these factors will anchor performance in the upcoming
period.
- Price Targets: Next week targets are set as follows: T1 at 645, T2 at 660. For
stop levels, S1 at 610 and S2 at 595.
- Recent Performance: Goldman Sachs has shown resilience in recent trading
sessions, reflecting broader market trends in the financial sector while
benefiting from positive earnings reports from peers. The stock maintains a
pivotal role in shaping market sentiment with its performance closely tied
to key economic indicators.
- Expert Analysis: Analysts express a cautiously optimistic view surrounding
Goldman Sachs, highlighting the importance of upcoming earnings. While there
is concern over potential overvaluation, many believe the bank's
fundamentals remain strong, and solid earnings could validate current market
enthusiasm. The consensus suggests a need for robust performance to
reinforce long-term bullish sentiments.
- News Impact: The imminent quarterly earnings announcement for Goldman Sachs is
generating significant attention, with expectations that it will provide
insights into the overall health of the financial sector. Additionally, the
backdrop of consumer spending and inflation stabilization could enhance the
bank's performance prospects. Market participants should be aware of
interrelated impacts from competing company earnings in both the financial
and technology sectors that may influence overall market behavior.
Goldman Sachs... GS looks like a top unless they pump moreLike the prior Idea of mine...most things have given back the Trump-bump election push and are on the way down or skating on thin ice and ready to begin a hard fall.
This has shown similar patterns from previous times.
The lines are hull moving averages or averages that are envelope or 3x exponential. mix them together and you get predictors that are pretty good in general.
Goldman Sachs ... simple levels, earnings and future tradeUsing simple lines that are from key pivot points and using a "Bow string method"- taking a fib channel and connecting to highs or lows and putting the third point of the channel tool on the lowest or highest point between the first two highs or lows respectively.
You can see a top may of been in along the top line...granted it was due to the election crack up boom attempt number 1...probably 4 more coming to try and prop things up.
Anywho...here are all the touches to show congruence back to 2009...the last time a crap load free-falled into the bowl that is the economic market.
Check out the Minds on here about GS I'll put up for more analysis showing why i say that top line is quite significant...
GS The Goldman Sachs Group Options Ahead of EarningsIf you haven`t bought the dip on GS:
Now analyzing the options chain and the chart patterns of GS The Goldman Sachs Group prior to the earnings report this week,
I would consider purchasing the 555usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Goldman Sachs ($GS): Trend Channel in FocusGoldman Sachs has been trending higher since our analysis two months ago, prompting us to reevaluate our stance. We’ve concluded that it makes more sense to remain bullish for now and not anticipate a bearish scenario at this stage. We are particularly encouraged by how consistently NYSE:GS has respected its trend channel, which strengthens our belief that it will continue to hold. However, there is a significant concern: we don’t want to see NYSE:GS losing this trend channel or creating a false breakdown, only to trap bears and continue higher.
Goldman Sachs has its earnings call scheduled for the same day as BlackRock and JP Morgan this Wednesday. This adds pressure, and with additional uncertainty from the upcoming political shifts, such as the inauguration of Trump, the potential impact on NYSE:GS , NYSE:BLK , and NYSE:JPM remains unclear.
Setting a limit at the 23.6%-38.2% Fibonacci levels feels too risky given the current environment and the uncertainty in the near future. While we favor this updated bullish scenario over the previous one, the bearish scenario isn’t entirely off the table. It could quickly come back into play if NYSE:GS loses key support levels.
For now, NYSE:GS needs to touch the $536–$489 zone and reclaim the trend channel promptly to validate our bullish scenario. If it fails to do so, we’ll need to approach with extreme caution, and as a result, we are not rushing into a trade at the moment.
Anticipating a Drop on Goldman. GSIt is looking like a start of Wave 3 or C, as per Elliott. We are inclined to believe that the drop will be impulsive, secondary to a short time in the correction post Wave 1 (or A), suggesting Wave 2 completion, rather than B. Technically, stochastics and volatility zones are about to flip, momentum down going. Also, there is a cross of both the Smoother by Ehlers and MIDAS curve. This is a highly suggestive bearish picture from and eagle's eye view. Aiming to reverse position in the event of contralateral MIDAS curve cross.
GS (Goldman sachs)Banking sector is Correcting and the big banks will correct with it.
Monthly Money flow lit up on GS for only the 3rd time in 10years.. last 2 the mes this has happen GS crashed 30% or more..
Using weekly chart log scale
You can see GS has hit the top of a 14 year bull resistance
Daily chart you can see GS has gapped outside channel on trump election and now I believe we head back to channel support this quarter
My target is 507-512
The 200sma is at 497 so I doubt they break below that
Goldman Sachs - The desired growth,earnings will help capitalizeHi guys, continuing with our Banking trend, we are going to take a look at Goldman Sachs -
Fundamentals
Goldman Sachs is set for a strong 2025, driven by robust U.S. GDP growth forecasts of 2.5%, fueled by AI-driven investments and federal incentives. The firm expects the S&P 500 to rise to 6,500, supported by steady earnings growth and favorable monetary policy, with Fed rate cuts stimulating economic activity. Strategic initiatives in asset management, emphasizing portfolio recalibration amidst shifting economic conditions, position Goldman Sachs to capitalize on market dynamics. These factors align to create a favorable financial outlook for the year.
Technicals :
Similiar to the previous banking groups, they had a fantastic 2024, with great growth after the beggining of the year. Their stock formulated a very strong Ascending channel after it crushed the previous storng Resistance level at 390 around april last year.
Entry: 577
Target: 678
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Position Goldman Sachs for Growth Amidst Market Volatility- Recent Performance: Goldman Sachs is currently trading at 566.1 amid a
volatile market environment. As investors digest the performance of major
players in the financial sector, Goldman remains under scrutiny,
particularly as earnings reports approach. The mixed sentiment in the market
poses both risks and opportunities for investors.
- Key Insights: Given the current market dynamics, investors should adopt a
selective approach when considering Goldman Sachs. With the financial sector
facing potential headwinds, it is crucial to analyze the bank's cash flow
and earnings strength. The firm’s recent performance in investment banking
and wealth management segments remains critical. Monitoring these factors
will be essential as broader market conditions evolve.
- Expert Analysis: Experts are advising a balanced strategy for the upcoming
weeks, particularly in light of the cautious optimism surrounding earnings
in technology. The prevailing sentiment indicates that while opportunities
exist, valuation risks are heightened, and Goldman Sachs' performance will
heavily depend on macroeconomic indicators and interest rate expectations
stemming from Federal Reserve policy.
- Price Targets:
- Next week targets: T1: 585.0, T2: 605.0
- Stop levels: S1: 550.0, S2: 535.0
In this scenario, buyers should look to enter near current price levels while
maintaining appropriate stop orders to manage downside risk.
- News Impact: Although there have been no significant news items directly
impacting Goldman Sachs, the competitive landscape within the financial
sector continues to evolve. Investor sentiment is likely influenced by the
overall economic climate and the broader implications of consumer finance
trends discussed in recent market analyses. Staying attuned to these
developments will be essential for making informed investment decisions.
Goldman Sachs | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Goldman Sachs
- Double Formation
* 012345 | Wave 1&2 | Subdivision 1
* Flag Structure | Uptrend Bias
- Triple Formation
* Top Bottom Structure(Neckline At 573.00 USD) | Subdivision 2
* 345 Template | Trend Developing Entry | Subdivision 3
* Trend, Behaviour & Entry
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
GS GlitchI had this developed when the price was near the blue rectangle on the left. When I saw it at 510 I though it is a dud project. Now after the rebound from the green I decided to share it just in case we get to see some more relevant price action near the elements.
Not sure if the projection in time of the linear pathway is relevant. Could be dilated for months for something that could happen in weeks. Nevertheless, I have an interest for the last yellow arrow which could provide a setup for a broader bearish move. Don't know where/when such a setup might occur yet.
Buy Goldman Sachs (GS) on Bullish Momentum and Earnings Goldman Sachs (GS) has made significant strides in recent weeks, reflecting
strong overall performance in the financial sector. The stock early in the month
showed increased investor confidence, leading to gains and a positive outlook
driven by strong earnings growth and favorable economic conditions. While the
broader market has shown some volatility, individual sectors, particularly
financials, have benefitted from this momentum.
Recent performance metrics indicate that GS has been robust among its peers,
influenced by a rising interest rate environment that typically benefits major
financial institutions. Additionally, GS has effectively managed challenges
posed by economic factors and shifting market dynamics, showcasing its
resilience and strong positioning for future growth.
Key actionable insights and takeaways for GS:
- Look for entry points around current support levels that show potential for
upward movement.
- Monitor upcoming earnings reports, as they could impact GS’s performance
dramatically.
- Positioning ahead of earnings could maximize investor returns if GS exceeds
expectations.
Expert opinions suggest a growing optimism surrounding GS as the company is
expected to report earnings that could positively impact its stock price.
Analysts believe that solid revenue performance, particularly in investment
banking and trading operations, will support stock momentum.
Based on the wisdom of all professional traders, key price levels to consider
for GS next week include:
- Target 1: $600
- Target 2: $610
- Stop 1: $590
- Stop 2: $580
Longer-term targets (1-3 months) may reach $625, contingent on favorable
earnings results.
Significant news affecting GS includes heightened expectations surrounding its
upcoming earnings report. Analysts anticipate strong performance metrics as GS
is projected to benefit from an uptick in trading activity and wealth management
services as the economic climate continues to stabilize. Key performance metrics
from the financial sector could set the tone for GS, making it a focal point
among investors seeking to capitalize on potential gains.
Goldman Sachs (GS): Ready for a Big Correction?As we projected four months ago, Goldman Sachs ( NYSE:GS ) has reached our anticipated upside range between $516 and $575, touching $540 specifically. We've reinforced our analysis with a trend line dating back to 2016, which has been tested and validated three times. Combining this trend line, the Elliott wave count, and key Fibonacci levels, our outlook now points towards a significant pullback from current levels. Given that we're likely dealing with a larger Elliott wave cycle, we anticipate a substantial correction of around 28%.
While a 28% decline sounds extreme, it's not unprecedented for $GS. The drop from the top of wave 3 to the bottom of wave 4 was 35%, and the decline from wave (1) to (2) was almost 50%. Even smaller corrections within these larger waves illustrate that major pullbacks are essential for long-term growth, especially as institutional investors take profits. With Goldman Sachs having gained 87% year-to-date—a remarkable rise in this sector—a correction is likely as big players start locking in their gains.
We aren't sure yet how this correction will unfold, but we anticipate a sharper, quicker drop compared to the more prolonged wave (2) correction. A potential support level for wave A could be around $420. Meanwhile, wave C and the overarching wave (4) are expected to land between $366 and $264.
We are not setting a limit order at the moment but have alerts in place for both scenarios: whether we call the exact top here or see NYSE:GS push higher before pulling back. Either way, we'll be ready and will update you as the situation evolves.
Goldman Pulls Back After RallyingGoldman Sachs broke out to record highs earlier this month, and some traders may think the investment bank will keep running.
The first pattern on today’s chart is the large candle on October 15 after quarterly results beat estimates.
Next, you have that session’s low at $515.51. Also notice the price zone around $510-515 where GS peaked in August and September. Consider how the stock pulled back to hold those levels on Tuesday and Wednesday. Has new support been established above previous highs?
Third, MACD is rising.
Finally, the higher monthly lows in August, September and October are potentially consistent with a long-term uptrend. (Some traders may even view them as part of an ascending triangle.)
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GS eyes on $518 for break, or $510 dip for scalp entriesBanks have been rising to record highs.
GS is at a breakout level, obvious to all.
Look for breakn- retest or dip for entry.
$ 518.51 - 515.86 is the ATH barrier.
$ 510.40 is the exact dip of interest.
$ 536.50 - 537.73 will be easy target.
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Weak Technical Patterns Ahead of EarningsFor now, NYSE:GS the largest of the Financial Services companies left, is struggling a bit. Trading activity in this stock is well below its average at this time. No pre-earnings run patterns have developed yet. There is some rotation recently, with lower money flow.