Bitcoin Gold / Dollar may rise to 29.30 - 31.89

Our pivot point stands at 17.61.

Our preference

Our next up target stands at 31.89.

Alternative scenario

The downside breakout of 17.61 would call for 13.91 and 11.72.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22.28 and 21.82).

Supports and resistances

37.06 **

34.48 *

31.89 **

29.30

22.69 last

19.06

17.61 **

13.91 *

11.72 **

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