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 984. 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 $1035−$1114 target zone. Then, a larger degree correction will follow.
Goldman Sachs Daily Chart 5.5.2026
