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Goldman Sachs - Weekly

Chart & Data from IG

By Minipip
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Goldman Sachs due to release earnings in the coming hours.

US Bank, Goldman Sachs, is due to release its Q2 earnings shortly. Other major US banks did well and Goldman could follow. Looking at the chart on the weekly timeframe MACD has just crossed over postive with RSI reading 51 suggesting a mildly bullish tone. The stock also sitting in the upper Bollinger band in a thin band looking ready for expansion, possibly to the upside. Support for Goldman stock sits at $327, followed by $313 and then the June 2022 lows of $276. Towards the upside, upbeat earnings could see the stock advance towards $347 with a push past higher hear aiming for $358, then $375 and finally $391. According to tipranks.com the average price target for Goldman Sachs is $398-$400.

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