GS price outlook: Goldman Sachs holds above 0.5 support arc. Potential rebound toward 1,070

Mohamad Gharib Independent Analyst

Goldman Sachs Group, Inc. (GS): Arc cycle analysis

Overview: Based on Arc Cycle Analysis applied to the 2h chart, Goldman Sachs is interacting with the 0.5 Support Arc within the current Arc Cycle. Price is holding above this Support Arc, suggesting the potential for a bullish rebound toward the next Resistance Arc.

Market outlook

Price is holding above the 0.5 Support Arc, indicating that this Arc continues to provide support within the current Arc Cycle. If the Support Arc continues to hold, a rebound toward 1,070 price becomes the preferred scenario.

Conversely, a sustained 2h close below the Support Arc at 1,007 would invalidate the bullish scenario and shift the outlook toward the next lower Support Arc at $950 (0.618 Arc).

Author

Mohamad Gharib

Independent Analyst

Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.

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