Bitcoin Gold / Dollar may fall to 30.19 - 30.79

Our pivot point is at 32.86.

Our preference

The downside prevails as long as 32.86 is resistance.

Alternative scenario

The upside breakout of 32.86, would call for 33.87 and 34.47.

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 32.54 and 33.04).

Supports and resistances

34.47 **

33.87 *

32.86 **

32.47

32.02 last

30.79

30.19 **

29.59 *

28.99 **

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