Goldman Sachs driven lower by current resistance - Analysis - 01-08-2019

Goldman Sachs' stock fell in the intraday levels after the important resistance of 222.78 held on, representing the ratio 78.6% of Fibonacci retracement levels for a descending wave in the medium term (from 244.95 to 151.60), while venting off overbought saturation in the RSI, and gathering momentum to help it rise anew, amid positive support from the 50-day SMA. 

Therefore we expect the stock to rise and target the resistance of 222.78 anew. 

Expected trend for today: Bullish