Tether Gold (XAUT) advanced nearly 8% over the past week, supported by growing demand for tokenized gold and a weaker US dollar, with price now holding above the $5,000 level. The move reinforces XAUT’s role as a digital proxy for gold exposure during periods of macroeconomic uncertainty.

Tether Gold technical analysis

XAUTUSD - 1 Week Time Frame

From a technical perspective, price action remains firmly embedded within an ascending regression channel, highlighting a well-defined and orderly uptrend. The red highlighted area on the chart represents a mean-reversion zone within this rising structure, where price previously consolidated before resuming its advance. Recent candles show XAUT rebounding from this zone, suggesting buyers continue to defend pullbacks rather than chasing sharp extensions.

The upper boundary of the trend channel aligns closely with resistance near $5,350, which now stands out as the next major technical hurdle. This level has not yet been tested within the current structure, making it a natural area for profit-taking or short-term consolidation.

Tether Gold price target

As long as XAUT remains above the $4,700–$4,800 region, which corresponds to the lower half of the regression channel, the broader bullish structure appears intact. A sustained move toward $5,350 would be consistent with the prevailing trend, particularly if demand for gold continues to rise alongside expectations of looser monetary conditions and ongoing currency weakness.

That said, given the steepness of the recent advance, short-term pullbacks cannot be ruled out, especially as price approaches the upper trend boundary. Such retracements would likely be viewed as corrective rather than trend-breaking, provided the channel support continues to hold.

Overall, trend structure and macro alignment remain supportive, with XAUT showing strength as long as price respects its rising channel and holds above key mid-range levels.