Goldman Sachs recently reversed up sharply from the support zone lying at the intersection of the two recently broken resistance trendlines belonging to the Up Channel from April and the Down Channel from January.
This support zone was also strengthened by the support level 165.00.Goldman Sachs is expected to rise further to the next buy target 170.00 – followed by the resistance level 175.00 (which previously reversed Goldman Sachs strongly down in March – thereby creating the top of the (B)-wave of the recently completed primary ABC correction ②).
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