$XAUT T is Approaching a Potential Demand Zone, is This the Opportunity?
Tether Gold is trading around $3,933 down 0.44% after sharp rejection from local high $3,962 but chart is starting to show a setup worth watching for me.
Live Bybit: $XAUT $3,922.36 -0.84% | H $3,961.93 L $3,889.00 | Turnover $32.72M
What stands out on 1h, RSI 6 is at 57.71. Short term momentum is cooling off from overbought but still holding in bullish territory. Price is currently testing 0.236 Fib at $3,922.87 looking for a base after recent drop.
For me $3,899 is the key level buyers need to defend. It aligns with 0.618 golden pocket of recent swing. $3,951 is EMA200 on top, recovery above this would be shift in structure.
MACD is showing fresh bearish crossover with negative histogram so short term selling pressure is still present. I am not buying just because it is retracing.
#XAUT #XAU #GOLD
$XAUT
Tether Gold is trading around $3,933 down 0.44% after sharp rejection from local high $3,962 but chart is starting to show a setup worth watching for me.
Live Bybit: $XAUT $3,922.36 -0.84% | H $3,961.93 L $3,889.00 | Turnover $32.72M
What stands out on 1h, RSI 6 is at 57.71. Short term momentum is cooling off from overbought but still holding in bullish territory. Price is currently testing 0.236 Fib at $3,922.87 looking for a base after recent drop.
For me $3,899 is the key level buyers need to defend. It aligns with 0.618 golden pocket of recent swing. $3,951 is EMA200 on top, recovery above this would be shift in structure.
MACD is showing fresh bearish crossover with negative histogram so short term selling pressure is still present. I am not buying just because it is retracing.
#XAUT #XAU #GOLD
$XAUT