Bitcoin Gold / Dollar may fall to 34.01 - 34.68

Our pivot point stands at 37.18.

Our preference

The downside prevails as long as 37.18 is resistance.

Alternative scenario

The upside breakout of 37.18, would call for 38.32 and 39.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 36.52 and 36.42).

Supports and resistances

39.00 **

38.32 *

37.18 **

36.74

36.27 last

34.68

34.01 **

33.34 *

32.67 **

Number of asterisks represents the strength of support and resistance levels.