Bitcoin Gold / Dollar may rise to 26.59 - 27.07

24.84 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 24.84 would call for 24.04 and 23.57.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (25.30) but below its 50 period moving average (25.73).

Supports and resistances

28.02 **

27.54 *

27.07 **

26.59

25.49 last

25.16

24.84 **

24.04 *

23.57 **

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