Goldman Sachs (NYSE: GS) is shaping up for a potential bullish move ahead of its earnings report tomorrow (January 15) before the market opens. With the stock bouncing off key support levels and positive momentum indicators, a strong earnings surprise could trigger further upside toward my targets. Let’s break down the setup: ? Trade Setup for Swing Trade: ? Entry Price: $569 (current price) ? Take Profit 1: $600 ? Take Profit 2: $625 ? Take Profit 3: $650 ?️ Stop Loss: $540 (below key support) ? Why Am I Bullish on Goldman Sachs? 1️⃣ Earnings Catalyst (January 15, Pre-Market) Goldman Sachs will release its Q4 2024 earnings tomorrow before the market opens. Historically, the bank has outperformed expectations, particularly in trading revenues and fixed income. Given the recent recovery in capital markets, there’s a good chance Goldman will report higher-than-expected revenues, which could trigger a sharp rally. 2️⃣ Technical Reversal in Play GS is bouncing off a key support zone near $550, which has acted as demand multiple times in the past. The RSI is rising from oversold levels, and Stochastic has turned bullish, suggesting momentum is building. A break above $575 would confirm the reversal and open the door to higher targets at $600, $625, and $650. 3️⃣ Valuation and Undervaluation Goldman Sachs is trading at a P/E ratio of 16.8, which is cheaper than peers like JPMorgan and Morgan Stanley. This leaves room for valuation expansion, especially if the bank delivers positive earnings surprises. With recovering trading volumes, M&A activity, and IPO deals, GS could see a significant boost to revenue and profitability. ? Final Thoughts: Goldman Sachs is setting up for a potential bullish move, with a solid technical and fundamental backdrop. The upcoming earnings report is a key catalyst that could trigger strong upside if results beat expectations. I’m targeting $600, $625, and $650, while managing risk with a stop loss at $540. Let's see how it plays out! ? What do you think? Are you bullish on Goldman Sachs too? Drop your thoughts in the comments! ?
Still learning fundamental price action... Today was rather ugly with just one small chop that was somewhat OK... I won't trade tomorrow, but I will be there on thursday and friday
I posted about a Fibonacci level in-play on EUR/USD yesterday and that's since led to a spirited bounce. Yesterday's daily bar finished as a dragonfly doji after catching a bounce from the 1.0200 level, and today that's been continuation with the pair testing above the 1.0300 level following this morning's release of PPI data. Of course, this is just setting the stage for the big one with tomorrow's release of CPI, with headline expected to rise to 2.9% against last month's 2.7% reading. For next resistance in the pair, I'm looking to 1.0333, and if tomorrow's CPI release comes out weak, I think that gives more push for USD pullbacks that could also show alongside strength in stocks. But in EUR/USD, that deeper retracement in DXY could allow for re-test of prior support-turned-resistance at 1.0453. - js
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Dubai's DAMAC Group, developer of Trump's upcoming $20bn data center project, is betting big on RWAs & AI ? First, DAMAC-owned Edgnex announces a SEED_TVCODER77_ETHBTCDATA:3B investment in AI over the next 5 years. Now, they’re doubling down on Real-World Asset (RWA) tokenization with a SEED_TVCODER77_ETHBTCDATA:1B deal signed with @MANTRA_Chain to bring @DAMACOfficial’s massive portfolio to the blockchain. This partnership with #MANTRA paves the way for greater liquidity, transparency, and security in the RWA space, setting the stage for massive disruption in both DeFi and TradFi. ? With Dubai's largest property developer going all-in on blockchain and AI, the future of tokenized real-world assets just got a major boost. And with NASDAQ:OM leading the charge, $10 is looking like an easy target. #Binance #Altcoins #DAMAC #Whales
I'm pretty sure my chart speaks for itself After the Last NFP news, the price of silver dropped from $30.50 (where I sold btw) and the day's candle closed below the $30 mark. reinforcing my bias for another swing to the downside. Maybe a possible drop to $28.
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Greetings Traders! In today’s analysis of NAS100USD, we observe price consolidating within a range. While the overall sentiment remains bearish, I anticipate a bullish reversal aligning with projections from yesterday's analysis. Key Observations Discount Price Accumulation: Price is currently trading at discount levels where institutions have consistently targeted sell stops. These stops are being order-paired (bought against), signaling institutional accumulation in preparation for a move toward premium prices. Engineered Liquidity Above Resistance: The Resistance Zone has been identified as Engineered Liquidity, where buy stops (stop losses, pending orders, etc.) reside. This liquidity pool is a prime target for institutions to sell off their positions against willing buyers. Institutional Profit Targets: Institutions that accumulate long positions at discounted levels will look to book profits in premium zones, aligning with our strategy to target liquidity pools above the current resistance. Trading Strategy Entry Zones: Focus on buying opportunities at key institutional support levels in the current range, awaiting confirmation of bullish price action. Targets: The primary objective is the liquidity pool above the Resistance Zone, as institutions are likely to drive price into this area for profit-taking. For further insights into the rationale behind this bullish bias, refer to yesterday’s detailed analysis. Yesterdays Analysis: https://www.tradingview.com/chart/NAS100USD/GhGMExA7-NAS100USD-Are-We-Witnessing-the-Start-of-a-Bullish-Takeover/ Stay vigilant and patient for confirmation before executing trades and make sure to do your own research before investing. Kind Regards, The Architect
Fresh off their FWB:20B data center partnership with former US President Trump, Dubai's DAMAC Group drops the largest tokenization deal in crypto history now with MANTRA. @MANTRA_Chain has secured a SEED_TVCODER77_ETHBTCDATA:1B deal with Emirati property developer @DAMACOfficial, founded by @HussainSajwani, a Trump associate and billionaire visionary. $1,000,000,000 worth of premium UAE real estate, hospitality, and data center assets are going onchain. The same region behind iconic skylines is now leading digital asset ownership. DAMAC’s choice of MANTRA isn’t random. This is the blockchain infrastructure attracting institutional giants while others chase DeFi and NFTs.
EURUSD is trading inside a long term Falling Wedge and today is posting a strong bullish 1day candle. The 1day RSI is on a Bullish Divergence (higher lows) for almost 3 months, indicating that a long term trend change to bullish is about to take place. We expect the first bullish wave upon the Wedge's break out to be contained under the 1day MA200. Buy and target 1.06900. Follow us, like the idea and leave a comment below!!