Gold Weekly Summary and Forecast 12/22/2024Gold has closed the week with a red candle and below last week's low. This is signaling a continuation of downward trend.
I will look for selling opportunities most of week as long as the highlighted yellow box support line not touched.
However, next week is Christmas holiday. Volume may be low. There could be huge movement next Monday and little for the rest of the week.
Happy holiday to you all.
Community ideas
RENB - Strategic Colllabaration with Nebul (NVDA) - AI-Biotech
Renovaro Inc. is a biotechnology company specializing in advanced cancer diagnostics and therapeutics. They develop innovative cell and gene therapies to boost the immune system's ability to fight diseases like cancer and HIV. Using artificial intelligence, their technology enables early detection of diseases by analyzing genetic markers. Renovaro aims to revolutionize healthcare with cutting-edge treatments and diagnostics to improve patient outcomes.
Float: 110.363M
Short % of Float: 2.74%
Recent News:
Dec 20, 2024
Renovaro Regains Compliance with NASDAQ Listing Requirement
Renovaro (RENB) announced its subsidiary Renovaro Cube has entered into a strategic collaboration with Nebul to advance the early detection of cancer and other diseases. As part of this initiative, Renovaro Cube plans to deploy a dedicated NVIDIA (NVDA) SuperPOD powered by NVIDIA DGX B200 systems, which feature the latest Blackwell GPU’s, and apply NVIDIA Parabricks functionality to ensure optimal performance on the NVIDIA clusters. Each DGX B200 system delivers up to 72 petaFLOPS of training performance and 144 petaFLOPS of inference performance, providing the computational power necessary to integrate AI across medium-sized hospitals.
Overall Market Sentiment:
It’s always crucial to consider overall market sentiment when making trading decisions.
Trading Strategy:
I consider this a mid- to long-term investment strategy.
Entry:
At recent price around $1.64
Waiting for a pullback into $1.10 zone
Breakout Zone:
$2.00
Resistance Zones:
$2.30
$2.90 - 3.00
$5.00 (double top) - TP 1
$6.80 - 7.20
$8.90 - TP 2
Surpassing these levels could signal a positive trend. Consider taking profits at these levels to realize gains.
Risk/Money Management
Take Profit (TP): Set the final & optimistic target at $13.00
Stop Loss (SL): Set at under $0.95 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
SMH | SHORTNASDAQ:SMH
VanEck Semiconductor ETF (SMH) Weekly Analysis:
Current Price Action:
SMH is trading at $218.43, down 9.10% for the week.
Price has breached the upward trendline support, indicating potential further downside.
Key Levels:
Bearish Line: $214.18
Target Price 1: $199.15
Target Price 2: $172.35
Target Price 3: $155.65
Target Price 4: $136.10
Support Zones:
Immediate support is expected around $199.15.
Further support levels are $172.35, $155.65, and $136.10.
Resistance Levels:
Resistance is at the broken trendline near $240, followed by the recent high around $300.
Relative Strength Index (RSI):
RSI is at 53.98, trending downwards, suggesting weakening momentum.
Volume:
Volume is significant at 75.462M, indicating strong selling pressure.
Conclusion:
SMH's breakdown below key support levels and significant bearish momentum suggest further downside potential. Watch for reactions around $199.15 and $172.35 for potential entry points or further declines.
Consolidation Before a Potential Bullish Break📊 Ethereum has formed a bullish pin bar on a significant support level, signaling the possibility of a trend reversal.
🟢 Confirmation requires the next daily candle to close positively.
👉🏼 While short-term consolidation or minor dips may occur, the price is expected to rebound from this support zone and resume its upward momentum.
⚠️ Trading carries risk; ensure proper research and risk management.
S&P 500 Bullish Outlook Pending Sustained Break Above 1M PPHello,
VANTAGE:SP500 has closed above the 1-month pivot point, signaling potential for further upside, even though sellers are currently exerting strong pressure. What we need now is a sustained position above the 1-month pivot point, and if that occurs, we could be in for a significant move upward!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Doge update 21/12This is what has currently happened. There is a weekly swing high which we have consolidated at, ran it once then ran that initial run before breaking down and clearing out the low of the consolidation and running into discount of the range between the highest high created and the high of the monthly swing high.
On the H1 there is an FVG at around 29cent which price may move to before continuation.
Descending Broadening Wedge Price was trading within a falling broadening wedge, but it seems like price has clearly broken out of the wedge pattern and is trying to retest resistance. If price manages to stay above the residence trend line then it could morph into new support. So far price is holding, but no strong bullish moment yet. This breakout is good news for the longers, but it just needs more buying pressure to make sure price does not fall back into the range of the wedge pattern.
KAIAUSDT - Technical Analysis and Trading Plan
Market Overview
KAIAUSDT has shown a strong bounce from the lower boundary of the descending channel, with signs of a potential trend reversal. The price is attempting to break the structure, and the target is set at 0.3997.
Key Observations
1. Descending Channel:
- KAIAUSDT has been trading within a descending channel for a significant period.
- A breakout above the channel will confirm bullish momentum.
2. Entry and Stop-Loss:
- Entry is identified around 0.2282, aligning with a rebound point.
- Stop-loss is placed at -5%, below the recent low, to minimize risks.
3. Take-Profit Level:
- The first target is highlighted at 0.3997, which aligns with prior resistance levels.
4. Bullish Momentum Signs:
- Price has been forming higher lows near the lower boundary of the channel, indicating potential accumulation.
Momentum and Indicators
1. Volume:
- Increased buying volume near the lower channel boundary indicates strong bullish interest.
2. Projection:
- If the price sustains above the entry level and breaks the channel, further upward momentum is expected.
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Trading Plan
1. Entry Points:
- Enter around 0.2282, as the price is showing signs of reversal.
2. Stop-Loss:
- Set a stop-loss at 5% below the entry level to manage risks effectively.
3. Profit Targets:
- Primary Target: 0.3997, as highlighted on the chart.
4. Risk Management:
- Avoid over-leveraging and risk no more than 2% of total capital on this trade.
Scenarios
1. Bullish Scenario:
- Price breaks out of the descending channel and continues toward the target of 0.3997.
2. Bearish Scenario:
- Failure to sustain above 0.2282 may lead to a retest of lower levels within the channel.
Pro Summary
KAIAUSDT is showing potential signs of a bullish reversal, supported by the channel pattern and volume analysis. Traders should monitor the breakout confirmation while aligning their trades with the defined entry, stop-loss, and target levels.
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DYOR (Do Your Own Research)
This analysis serves as an overview of potential trading strategies and market behavior but is not exhaustive. Traders are encouraged to perform additional analysis to make informed decisions.
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies and other financial instruments involves risks, including capital loss. Always consult a financial advisor before making investment decisions.
LISTA LOOKS BULLISH (12H)LISTA has created a large BASE, and by making higher L's, it seems to be aiming to break this BASE upwards.
If it stabilizes around the Flip range, it could move towards the targets.
The green box is a good area to add volume to the position.
The target could be as large as the lower BASE box.
A daily candle closing below the invalidation level will invalidate this view.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You