Bitcoin Gold / Dollar may rise to 23.44 - 23.80

Our pivot point is at 22.19.

Our preference

Our next up target stands at 23.80.

Alternative scenario

The downside breakout of 22.19 would call for 21.60 and 21.25.

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 above its 20 and 50 period moving average (respectively at 22.44 and 22.63).

Supports and resistances

24.50 **

24.15 *

23.80 **

23.44

22.69 last

22.42

22.19 **

21.60 *

21.25 **

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