Bitcoin Gold / Dollar may fall to 30.96 - 31.57

Our pivot point is at 33.99.

Our preference

Target 30.96.

Alternative scenario

The upside breakout of 33.99, would call for 35.03 and 35.65.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (33.16) but above its 50 period moving average (32.48).

Supports and resistances

35.65 **

35.03 *

33.99 **

33.58

32.94 last

31.57

30.96 **

30.35 *

29.74 **

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