Goldman Sachs (NYSE: GS) displays a strong weekly bullish sequence. Today, we explore the Elliott Wave pattern behind this move. Our analysis highlights potential paths and targets for continued momentum.
Elliott Wave Analysis
Goldman Sachs completed a five-wave advance from its April 2025 low. This wave III peaked at 984. Then, the stock formed a three wave pullback in wave IV. This correction ended in March 2026 at From that low, GS established an initial five-wave advance in wave ((1)).
However, it did not break the previous peak. Therefore, the stock must hold above the March low during the wave ((2)) pullback. This will allow it to resume the rally in wave V and break into new all-time highs. The next upside move should extend GS toward the $1114 target zone. Then, a larger degree correction will follow.
Goldman Sachs Daily Chart 5.5.2026
The following video offers a technical outlook for GS Corporation:
Conclusion
Goldman Sachs’s bullish cycle suggests further continuation toward the $1000 milestone. Consequently, investors should target buying opportunities within weekly and daily pullbacks. Utilize our Elliott Wave strategy for precise entry timing.
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