Bitcoin Gold / Dollar may rise to 22.46 - 22.78

Our pivot point is at 21.26.

Our preference

Look for a drop towards 21.26 before a bounce.

Alternative scenario

Below 21.26, expect 20.72 and 20.40.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20.31 and 21.28).

Supports and resistances

23.43 **

23.11 *

22.78 **

22.46

21.69 last

21.47

21.26 **

20.72 *

20.40 **

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