Bitcoin Gold / Dollar may fall to 32.24 - 32.87

Our pivot point stands at 35.17.

Our preference

The downside prevails as long as 35.17 is resistance.

Alternative scenario

The upside breakout of 35.17, would call for 36.24 and 36.88.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 34.42 and 34.63).

Supports and resistances

36.88 **

36.24 *

35.17 **

34.74

34.21 last

32.87

32.24 **

31.60 *

30.96 **

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