Goldman Sachs (GS) Retesting a Major Breakout ZoneGoldman Sachs Group, Inc.BATS:GSisahebdadiGoldman Sachs is currently pulling back to retest the $990 breakout level, which previously acted as strong resistance and is now being tested as support. The recent decline appears to be a normal retracement following a strong impulsive rally rather than a confirmed trend reversal. Short-Term Outlook As long as price holds above $990, the bullish structure remains intact. Targets: $1,060 → $1,100 → $1,150 Stop-loss: Below $975 Long-Term Outlook The overall trend remains strongly bullish, with higher highs and higher lows continuing to define the market structure. A successful retest of the breakout zone could provide the foundation for the next leg higher. Targets: $1,150 → $1,200 → $1,300 Stop-loss: Weekly close below $950 Summary Goldman Sachs is currently retesting the former resistance zone around $990, which is now acting as key support. If buyers continue defending this level, the stock could resume its primary uptrend and push toward $1,100+, with the potential to reach the $1,200–1,300 region over the longer term. However, a decisive break below $990 would weaken the bullish setup and increase the probability of a deeper correction toward the $940–960 support area.