Nov. 14 at 2:50 AM
$GS: The last close at
$805.5 indicates a strong position above the 30-day (MA30) and 50-day (MA50) moving averages, which are at
$782.44 and
$783.89 respectively. The RSI of 58.35 suggests bullish momentum, as it is approaching overbought territory but is not yet there. The price is also closer to the 60-day high of
$841.18 than the low of
$712.97, indicating a potential upward trend.
Directional bias is bullish due to the price being above key moving averages and the RSI showing strength.
Suggested entry:
$810.
Stop loss:
$795 (below recent support levels).
Targets:
$830 (first target) and
$840 (second target), aligning with the recent high.
Monitor for any changes in volatility, as indicated by the ATR of 21.29, which suggests potential price swings.
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