Strategy and trading analysis on shares of the company Goldman Sachs 12-7-2016 by AzaForex forex broker, tips on how to be successful in foreign exchange

Banking US stocks are now traded on the stock market at the highest level. The banking sector is just flying up. Generally, stock trading takes place according to their book value. Now the sector attracts the attention of investors and traders around the world, as the banking sector was growing, it usually means the beginning of the country's economic growth. Meanwhile, Goldman Sachs (GS) continues to be a star in the index Dow Jones. After the shares rose in price to 2% October 18 according quarterly results, the stock made another 33%. On Tuesday, the stock pierced new heights in bulk, gaining another 0.9%. The naked eye can see that events are developing rapidly, The graph shows a growing trend that has accelerated. Maybe this crazy growth has slowed down, but given the momentum of price movements, the new height will be taken again. This action can easily earn 700 points as its volatility is recognized as one of the best. This is a great way to invest in the moment.
 
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
 
If the resistance level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Buy
•             The level of entry into long position: 233.00
•             The level of profit and close the position: 240.00 (700 pips)
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1180.00
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2570
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 1.0080
 
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 114.80