Bitcoin Gold / Dollar may rise to 34.63 - 35.25

Our pivot point is at 32.28.

Our preference

The upside prevails as long as 32.28 is support.

Alternative scenario

The downside breakout of 32.28 would call for 31.25 and 30.63.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 31.85 and 32.03).

Supports and resistances

36.50 **

35.87 *

35.25 **

34.63

33.13 last

32.69

32.28 **

31.25 *

30.63 **

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