Bitcoin Gold / Dollar may rise to 27.40 - 27.89

Our pivot point is at 25.31.

Our preference

As long as 25.31 is support look for 27.89.

Alternative scenario

The downside breakout of 25.31 would call for 24.50 and 24.01.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (26.26) but above its 50 period moving average (25.04).

Supports and resistances

28.88 **

28.38 *

27.89 **

27.40

26.25 last

25.63

25.31 **

24.50 *

24.01 **

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