Bitcoin Gold / Dollar may rise to 33.73 - 34.34

Our pivot point is at 31.54.

Our preference

The upside prevails as long as 31.54 is support.

Alternative scenario

The downside breakout of 31.54 would call for 30.53 and 29.92.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.21 and 32.26).

Supports and resistances

35.56 **

34.95 *

34.34 **

33.73

32.38 last

31.94

31.54 **

30.53 *

29.92 **

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