Bitcoin Gold / Dollar may rise to 23.92 - 24.28

Our pivot point is at 22.63.

Our preference

As long as 22.63 is support look for 24.28.

Alternative scenario

The downside breakout of 22.63 would call for 22.03 and 21.67.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (23.12) but above its 50 period moving average (23).

Supports and resistances

24.99 **

24.64 *

24.28 **

23.92

23.12 last

22.86

22.63 **

22.03 *

21.67 **

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