Goldman losing its pile of Gold. GSImmediate targets 344, 325, 301. Invalidation 467.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Sachs
BTCUSD ShortIf you can look at my horrible chart, you can just about see that a double top is forming.
Now you may be like well done you know how to identify what my 11 year old kid can do, but lets look outside of the box. Wall street is yet to open as new york is 5 am, and chicago is 4am, so some of the biggest players are still fast asleep dreaming about something.
Now if you have read the news, apparently Goldman Sachs believe that bitcoin is 'not an asset class', thus you would think that with the opening of the market we will see a sell of bitcoin.
Furthermore, we can see support has been broken, and that another dump pattern is starting to form.
Remember black thursday number one? Well, talking in the chat that is just about to be exactly 10 weeks, so who knows, maybe black thursday two is here; if only we had sales like black friday though....
P.S: Pls do not use this to invest your money, I am just laying the facts. Things can change real quick as many belive BTCUSD to shoot up, so just read more, and try to get to grips with this market.
Buy Goldman Sachs american stocks after hitting monthly demandGoldman Sachs GS american stock buy opportunities after reaching monthly demand level around 157. This monthly demand imbalance has gained control after a strong drop for a few months.
New weekly demand level is being create at $178 as a reaction to monthly demand level, shorts are not allowed on this stock. Long term long bias with bigger picture uptrend on all bigger timeframes. Very strong reaction on the monthly off that M demand level.
We don't really care what the fundamentals are saying about this american stock, we don't care if BlackRock and Goldman Sachs Asset Management both plan to temporarily move some British-based fund managers to New York in the event of a no-deal Brexit, two sources told Reuters. Or if neither of the firms, who together employ more than 10,000 people in London, expects a chaotic exit that would force them to carry out the emergency relocation, the sources said.
Goldman's asset management business GSAM, with 50 managers in London, has plans to send "a handful" to the U.S. financial capital until a framework is in place, the second source said, adding they too would eventually relocate to the euro zone.
Goldman Sachs has reached a bigger timeframe demand level, it's time to buy with a clear long term long bias, no need to pay attention to what the fundamentals are saying. Buy opportunities being created on weekly and daily imbalances on Goldman Sachs NYSE american stocks.
GS Broke Out Of Major Support, Potential Drop!GS broke out of its major support turned resistance at 171.75 where it could potentially drop further to its support at 137.33 (horizontal swing low support).
Ichimoku cloud is also showing signs of downward pressure which contributes to our bearish bias.
Goldman Sachs Testing Support, Potential Bounce!Goldman Sachs is testing support at 190.47 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 230.72 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is testing support at 3.5% where a corresponding bounce could occur.
Ending of the Goldman Sachs rallyGoldmans Sachs had a great really from November 2016 until now. The chart is moving sideways now and shows singular sell signals . The investors are less modifying their $GS positions. They make themselves ready to close their position. The sideways chart shows irresoluteness about their actions.
Can it be anymore clearer than this?Clear wave pattern seen in the XLF -0.25% ETF .
I'm expecting one final push up from 23.54 right now in the next few weeks with a target of 24.76 (76.4% retracement of 2008 highs).
It would have been pretty good level to accumulate some long term puts up to a year.
The anti-bank sentiment is far from over, and almost certainly not right now. Trump rally at least in the short term is not going to unwind the fact that we're in a deflationary cycle and it will only get worst.