🔥New Forecast

💵 #GS on the daily chart broke the upper trendline of the descending channel and is testing MA200! AO indicates a decrease in bearish sentiment, Momentum has risen above 100.0.
🟢A bullish flag pattern has formed on the weekly chart, and the price has overcome MA50. CCI came out of the oversold zone.

💬 Goldman Sachs stock is forecasted to rise to targets between $593 and $720 over the next 12 months, supported by strong Q1 2025 results where earnings beat expectations and trading revenues surged. Top analysts like Wells Fargo and Barclays maintain "Overweight" ratings, reflecting high confidence in Goldman Sachs' upside potential despite external risks.

#Forecast

🔼 We consider buying #GS ONLY❗️ on consolidation above 550.0;
🎯 Target: 660.0;

Hit 👍👍👍 if you like to see unique ideas:)

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🗓 Important events to look forward to this week:

MONDAY:
🇨🇦 CAD - Federal Election - All Day;

TUESDAY:
🇺🇸 USD - JOLTS Job Openings - 17:00 GMT +3;

WEDNESDAY:
🇦🇺 AUD - CPI q/q - 04:30 GMT +3;
🇦🇺 AUD - CPI y/y - 04:30 GMT +3;
🇦🇺 AUD - Trimmed Mean CPI q/q - 04:30 GMT +3;
🇪🇺 EUR - German Prelim CPI m/m - All Day;
🇺🇸 USD - ADP Non-Farm Employment Change - 15:15 GMT +3;
🇨🇦 CAD - GDP m/m - 15:30 GMT +3;
🇺🇸 USD - Advance GDP q/q - 15:30 GMT +3;
🇺🇸 USD - Employment Cost Index q/q - 15:30 GMT +3;
🇺🇸 USD - Core PCE Price Index m/m - 17:00 GMT +3;

THURSDAY:
🇯🇵 JPY - BOJ Policy Rate;
🇯🇵 JPY - Monetary Policy Statement;
🇯🇵 JPY - BOJ Outlook Report;
🇯🇵 JPY - BOJ Press Conference;
🇺🇸 USD - Unemployment Claims - 15:30 GMT +3;
🇺🇸 USD - ISM Manufacturing PMI - 17:00 GMT +3;

FRIDAY:
🇺🇸 USD - Average Hourly Earnings m/m - 15:30 GMT +3;
🇺🇸 USD - Non-Farm Employment Change - 15:30 GMT +3;
🇺🇸 USD - Unemployment Rate - 15:30 GMT +3;


A brief overview of important assets:

👉🇻🇦👈The dollar index is in a downtrend. The index has fallen below the 100 mark. Now, the price is testing the resistance level of 100.10. If this level is broken, the recovery may continue to 101.69 to test the downtrend. However, the decline will likely continue if the resistance level is not broken—the minimum to the previous low of 97.74.

👉🇪🇺🇻🇦👈The euro is showing strong growth. The price tested the resistance level at 1.1513, then dropped to the support at 1.1313. If the asset consolidates below this support level, a correction to 1.1187 is likely. However, if the price stays above the support level, a recovery toward the local high of 1.1513 is expected.

👉🗽🕛The index did not break its lows but showed signs of recovery. The price increased and tested the descending trend line. If the price breaks the resistance level at 5534, the asset will exit the downtrend. The first growth target will be the level at 5785. However, if the price fails to break through the 5534 resistance, the decline will likely resume toward 5154.

💸 BTCUSD - Bitcoin has broken out of its downtrend and is now testing the 95,000 level. If this level is successfully surpassed, growth toward the 98,000-100,000 range is possible. However, if it fails, the asset may decline to the 92,000-88,000 range to cover imbalances.

🌉 XAUUSD - After setting another new historical high, the asset is now showing a decline. The price is testing the support level at 3275. If this support level is broken, the decline will likely continue toward the trend level and the 3205-3140 range. However, a catalyst for growth could emerge from political disagreements, which may lead to a resumption of the uptrend.

💬 Which assets are you keeping an eye on this week?

#weeklydigest

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