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After testing support twice in the past, Goldman Sachs Group Inc. has finally broken through. Can we expect a bearish trend to follow?

The breakout of Goldman Sachs Group Inc. through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of Goldman Sachs Group Inc. to test 382.75 within the next 5 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.

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We expect a $0.22 movement on HG within 12 hours following the event release at 06 Aug 12:30.

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