Bitcoin Gold / Dollar may rise to 27.41 - 27.90

25.62 is our pivot point.

Our preference

As long as 25.62 is support look for 27.90.

Alternative scenario

The downside breakout of 25.62 would call for 24.80 and 24.31.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 26.14 and 25.52).

Supports and resistances

28.89 **

28.39 *

27.90 **

27.41

26.36 last

25.95

25.62 **

24.80 *

24.31 **

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