Bitcoin Gold / Dollar may rise to 30.51 - 31.06

Our pivot point stands at 28.68.

Our preference

Rise to 31.06.

Alternative scenario

The downside breakout of 28.68 would call for 27.75 and 27.20.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 29.38 and 29.34).

Supports and resistances

32.16 **

31.61 *

31.06 **

30.51

29.41 last

29.04

28.68 **

27.75 *

27.20 **

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