Bitcoin Gold / Dollar may fall to 27.69 - 28.23

30.06 is our pivot point.

Our preference

Target 27.69.

Alternative scenario

Above 30.06, look for 30.98 and 31.53.

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 below its 20 period moving average (29.47) but above its 50 period moving average (29.30).

Supports and resistances

31.53 **

30.98 *

30.06 **

29.70

29.33 last

28.23

27.69 **

27.14 *

26.59 **

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