Bitcoin Gold / Dollar may rise to 27.69 - 30.04

17.83 is our pivot point.

Our preference

Rise to 30.04.

Alternative scenario

The downside breakout of 17.83 would call for 14.30 and 12.19.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22.18 and 22.07).

Supports and resistances

34.73 **

32.39 *

30.04 **

27.69

22.36 last

19.21

17.83 **

14.30 *

12.19 **

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