Goldman Sachs closes cautiously higher - Analysis - 15-12-2021

Goldman Sachs' stock (GS) rose in the last session amid the dominance of the downward correctional trend, while exiting a price channel that guided recent medium-term trend trading, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 372.40, provided it settles below the resistance of 395.60. 

Expected trend for today: Bearish