Bitcoin Gold / Dollar may fall to 31.22 - 31.83

Our pivot point stands at 33.90.

Our preference

The downside prevails as long as 33.90 is resistance.

Alternative scenario

The upside breakout of 33.90, would call for 34.93 and 35.55.

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 33.37 and 33.60).

Supports and resistances

35.55 **

34.93 *

33.90 **

33.49

33.08 last

31.83

31.22 **

30.60 *

29.98 **

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