Gold Hits Record Highs as Tether Shifts Focus to Gold-Backed Stablecoin
- Gold Price Surge: As of January 26, gold reached a record high of $5,110.50 per ounce, appreciating over 50% in the last six months, highlighting its strong appeal as a safe haven asset amid the dollar's depreciation.
- Bitcoin Underperformance: During the same period, Bitcoin lost 25% of its value, with the total crypto market cap declining by approximately 25%, further emphasizing gold's advantages as a store of value.
- Tether's Gold Stablecoin: Tether has shifted its focus to its gold-backed stablecoin, Tether Gold (XAUT), holding 520,089.35 ounces of gold worth about $2.2 billion by Q4 2025, indicating its significant position in the gold market.
- Global Gold Holder Ranking: According to IMF data, Tether now ranks among the top 30 global gold holders, surpassing countries like Greece, Qatar, and Australia, reflecting its growing influence in the global gold market.
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Technical Analysis for XAUt
Technical Sentiment Analysis for Tether Gold (XAUt) As of , Tether Gold (XAUt) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XAUt stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XAUt is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Tether Gold (XAUt) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3341.444 | 3883.957 | 4374.334 | 4916.847 | 5407.224 | 5949.737 | 6440.114 |
| Fibonacci | 3883.957 | 4278.521 | 4522.283 | 4916.847 | 5311.411 | 5555.173 | 5949.737 |
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