Bitcoin Gold / Dollar may rise to 22.66 - 22.98

21.57 is our pivot point.

Our preference

The upside prevails as long as 21.57 is support.

Alternative scenario

The downside breakout of 21.57 would call for 21.03 and 20.70.

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 20.86 and 21.19).

Supports and resistances

23.63 **

23.31 *

22.98 **

22.66

22.01 last

21.79

21.57 **

21.03 *

20.70 **

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