Analyst news

• XAUUSD: Elliott wave analysis and forecast for 17.11.23 – 24.11.23

  17-11-2023 13:55 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 2008.75 with a target of 1910.48 – 1889.05 once a correction is completed.Alternative scenario: breakout and consolidation above the level of 2008.75 will allow the pair to continue rising to the levels of 2060.00 – 2110.00.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with the first wave 1 of (5) formed as
  
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• Earnings Results: Applied Materials’ earnings beat expectations, but stock falls after report of criminal probe

  17-11-2023 04:30
  Applied Materials Inc.’s stock dropped more than 7% in extended trading Thursday after a report that the chip maker is under a criminal investigation by the Justice Department for potential export violations. Reuters reported Thursday that the company is being probed for possibly sending hundreds of millions of dollars’ worth of equipment to Chinese chip maker Semiconductor Manufacturing International Corp. through South Korea as a way to evade a ban on U.S. exports of advanced chip
  
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