🏆 Tether Gold (XAUT/USDT) under bearish pressure! ($4,280.65) 📉
The XAUT/USDT pair (tokenized gold) shows a slight gain of +0.42%, but it still maintains a clear corrective structure on its daily chart.
📌 Current chart highlights:
Trend: Bearish dominance in the short and medium term. The price has been making very pronounced lower highs and lower lows after the rejection at 4,679.45.
Current momentum: The price is trading below its fast moving average (MA 7: 4,317.32) and its intermediate moving average (MA 25: 4,352.54), which act as strong dynamic resistances.
Key support: The immediate floor is at 4,261.59 (24h low) and the critical macro support is at 4,242.85. If the latter breaks, it could target the MA 99 (4,244.25).
Resistance to overcome: 4,297.18 (24h high) and the institutional zone around 4,317.32 (MA 7).
💡 Conclusion: The bias is bearish. XAUT urgently needs to reclaim the 4,320 USDT zone to stop the drop. As long as it stays below, the most likely scenario is a retest or a breakdown of support at 4,242 USDT.
Considering that gold often acts as a safe haven, would you be interested in analyzing whether there is a market divergence by comparing this chart with Bitcoin’s current behavior?
$XAUT Click here to trade👇
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