Goldman Sachs is due to report earnings tomorrow, it is estimated to report an EPS of $8.24 on revenue of $12.83bn.

Taking a look at Goldman Sachs on the daily interval. Its stock price currently sits at around $337.80 a share. Applying the Fibonacci retracement to the chart, we can see its price has managed to break through the 23.6% and 38.2% Fib levels. It has tried to break through the 50% level but failed to close above it. At present, the support sits at $329.02 (38.2% fib) then a base at $316.72 (23.6%). Only a break and close below the 23.6% fib could see the price retreat lower towards the major support level at $296.83. Towards the upside, the key resistance remains at $338.97 (50% fib). A break and close above may see the price hike further, with the next target then of $348.91 (61.8% fib). The indicators are both positive, with RSI reading of 57. The bank is due to report earnings tomorrow, it is estimated to report an EPS of $8.24 on revenue of $12.83bn.