Tether Gold Price Analysis: Will XAUt Surge to hit $1,676.95


  • Tether Gold currently trades near $1,926.00
  • XAUt gained approximately 0.06% within the last 24 hours.
  • The $1,604.79 support level for XAUt/USD is really strong.
  • 24-hour trading volume for Tether Gold is hovering at $2,000,853.00.

24 September 2023 : In this article we will walk you through Tether Gold price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Tether Gold, Is XAUt a good investment? Tether Gold support & resistance levels etc. But before diving deep into the XAUt technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,055,414,659,611. The total trading volume stands at $14,684,306,003. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,614.25 level after an upward movement of 0.12%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.19 percent reaching to $1,596.04 during the previous 24 hours.
While publishing this blog, BNB traded at $210.96, following a price change of 0.05% within the same time frame. XRP the native coin of XRP is up by 0.03 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Tether Gold Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Tether Gold (XAUt)

XAUt Resistance Levels XAUt Support Levels
Resistance Level 1 $1,676.95 Support Level 1 $1,627.11
Resistance Level 2 $1,704.47 Support Level 2 $1,604.79
Resistance Level 3 $1,726.79 Support Level 3 $1,577.27

Tether Gold Performance

The price of Tether Gold (XAUt) is at $1,926.00, up 0.06% in the past 24-hours and has a price change of 0.16% over the week. One day trading volume for BTC is 2,000,853.00 USD while total marketcap reached $474,804,763.00 USD. There are almost 246,524 are in circulation out of 246524.

Tether Gold Price Analysis

XAUt price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Tether Gold.

Moving Averages Price Indicator
Simple Moving Average (10) 1,656.36 Buy
Exponential Moving Average (10) 1,654.99 Buy
Simple Moving Average (20) 1,671.69 Buy
Exponential Moving Average (20) 1,669.52 Buy
Simple Moving Average (50) 1,678.47 Buy
Exponential Moving Average (50) 1,677.31 Buy

The MACD line is standing below of the signal line after a crossover. Tether Gold investors need to wait for any directional change over the daily chart. While XAUt’s Williams %R indicator is at -67.915 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The relative Strength Index (RSI) indicates that the XAUt coin is in oversold phase, as RSI is at 23.

Conclusions

There had been a positive trend for some time and it seems that the coin will continue it upward movement as long as it remains in the green area. You should only acquire crypto right now if you're prepared to book profit through short-term market moves.