Dec. 25 at 1:22 PM
$GS: Current market context shows a strong upward trend with the last close at
$910.78. The RSI at 73.75 indicates overbought conditions, suggesting potential for a pullback. However, the price is above both the 30-day MA (842.16) and the 50-day MA (816.78), indicating bullish momentum. The recent 60-day high of
$919.1 provides a resistance level to watch.
Actionable Trade Alert:
- Suggested Entry:
$910
- Stop Loss:
$885 (approx. 2.8% risk)
- Take Profit Targets:
1.
$925 (1.6% gain)
2.
$935 (2.7% gain)
3.
$1065 (17% gain)
With the potential for a strong move towards the upper range of the recent high, target 3 offers a substantial ROI. Monitor the price action closely, as the overbought RSI may prompt volatility. Adjust positions as necessary based on market conditions.
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