Bitcoin Gold / Dollar may fall to 26.87 - 27.41

29.58 is our pivot point.

Our preference

The downside prevails as long as 29.58 is resistance.

Alternative scenario

Above 29.58, look for 30.49 and 31.03.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 28.86 and 29.07).

Supports and resistances

31.03 **

30.49 *

29.58 **

29.23

28.70 last

27.41

26.87 **

26.34 *

25.81 **

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