Bitcoin Gold / Dollar may fall to 31.15 - 31.77

34.03 is our pivot point.

Our preference

Under pressure below 34.03.

Alternative scenario

The upside breakout of 34.03, would call for 35.07 and 35.69.

Comment

The RSI is below its neutrality area at 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 both its 20 and 50 period moving average (respectively at 33.16 and 33.17).

Supports and resistances

35.69 **

35.07 *

34.03 **

33.62

33.12 last

31.77

31.15 **

30.53 *

29.92 **

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