Goldman Sachs (GS) has been consolidating in 2017 after making a high of 255.15 in March. After several months of consolidation, price was trading roughly between 210 and 230. We noted last time that a break above 230 would be a bullish continuation signal. for GS. We saw this breakout during the 8/7 session.Goldman Sachs (GS) Daily Chart(click to enlarge)Breakout:- The daily chart shows the consolidation between 210 and 230. - The shape is a rounded bottom, which adds to the prospect that the current breakout opens up a continuation scenario.- This means the 2017 high around 255 is back in sight.