Bitcoin Gold / Dollar may fall to 23.94 - 24.41

26.29 is our pivot point.

Our preference

The downside prevails as long as 26.29 is resistance.

Alternative scenario

The upside breakout of 26.29, would call for 27.10 and 27.58.

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 26.04 and 27.04).

Supports and resistances

27.58 **

27.10 *

26.29 **

25.98

25.54 last

24.41

23.94 **

23.47 *

22.99 **

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