GDXJ Should Extend Higher in 2024

by elliottwave-forecast.com | January 16, 2024 4:44 pm
GDXJ is an ETF tracking small-cap gold and precious metals mining companies. It has a focus on smaller, more volatile firms. Thus it offers exposure to this precious metal sectors, but investors should be cautious of increased...

XAUUSD Analysis: Bullish Bias Holds, Eyes on 2088.24 and Beyond

by ForexCycle.com | January 16, 2024 7:12 am
Gold (XAUUSD) remains locked in an uptrend, having recently found support at the rising trend line on the daily chart. This suggests continued buying pressure and opens the door for further upward movement in the coming days....

GBPUSD: A Test of Support and Possible Directions

by ForexCycle.com | January 16, 2024 1:49 am
Right now, the GBPUSD pair is facing a major test at the 1.2673 support level. Should it break below this key point, we could potentially witness a further downside trajectory, heading towards the next support level pegged...

EURUSD at a Crossroads: 1.0910 Support Holds the Key

by ForexCycle.com | January 16, 2024 1:34 am
Currently, the EURUSD pair is testing the turbulent waters of the 1.0910 support threshold. A plunge underneath this level could pull the price towards the subsequent support mark at 1.0876. A decline further than this could set...

Home Depot HD Is Going To Give Us Selling Opportunities

by elliottwave-forecast.com | January 15, 2024 11:27 pm
Home Depot (HD), is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. After...

SCCO Favors Corrective Pullback & Remain Supported

by elliottwave-forecast.com | January 15, 2024 11:10 pm
Southern Copper Corporation (SCCO) engages in mining, exploration, smelting, refining & processing of Copper, Molybdenum, Zinc, Silver, Gold & Lead in Peru, Mexico, Argentina, Ecuador & Chile. The company is based in Phoenix, Arizona, US, comes under...

$CRWD: Crowdstrike Reacting from Weekly Bluebox Area

by elliottwave-forecast.com | January 15, 2024 10:54 pm
Crowdstrike Holdings, Inc. is an US American cybersecurity technology company. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services.  Founded 2011 and headquartered in Austin, Texas, U.S., it is a part of the NASDAQ-100 index. One can trade Crowdstrike...

EURGBP Caught in a Sideways Shuffle: Where to Next?

by ForexCycle.com | January 15, 2024 1:25 am
The EURGBP has charted a sideways move over the past few days, framed by a trading range from 0.8586 to 0.8620. Until the 0.8620 resistance cap is breached, this horizontal drift can be interpreted as a consolidation...