Bitcoin Gold / Dollar may rise to 27.59 - 29.93

Our pivot point stands at 18.80.

Our preference

Rebound.

Alternative scenario

The downside breakout of 18.80 would call for 15.09 and 12.88.

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 (22.02) but below its 50 period moving average (23.32).

Supports and resistances

34.59 **

32.26 *

29.93 **

27.59

22.60 last

20.26

18.80 **

15.09 *

12.88 **

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