$GOLD/USDT: Fakeout or Floor? XAUT Holds Steady at $5,047 đŸ›Ąïž

Trading at $5,069.9** on Feb 12, Tether Gold (XAUT) is pinned in a tight consolidation zone, up a mere **+0.25%** on thin volume of **$39.4M . The macro narrative is clear—bulls are exhausted at the ceiling.

📊 Chart Analysis: Rejection at the 61.8% Tombstone

XAUT closely tracks spot gold ($XAU), which printed a bearish rejection at **$5,120** (61.8% Fib) . This level is now the line in the sand.

· Resistance: Heavy supply zone $5,100–$5,140. Must break here to target $5,340 (Gartley 78.6%) .

· Support: Critical floor at $5,000** (psychological/100-SMA). Losing this opens slide to **$4,860 (38.2% Fib) then $4,655 .

· Volume Signal: Today's anemic $39M vs. January's $200M+ spikes screams lack of conviction .

⚠ Volume & Divergence Alert

RSI sits neutral at 55 . But price is making lower highs on lower volume—textbook bearish divergence. The "Eagle" indicator confirms $5,100–5,160 as a formidable resistance tombstone .

🎯 Trade Plan: Sell the Rally, Don't Chase

‱ BEARISH (High Conviction): Look for entries $5,080–5,100**. Stop above **$5,140. First target $5,000**, then **$4,860.

‱ BULLISH (Low Prob): Only if daily closes **above $5,140** with volume >$100M. Then target $5,340**.

‱ **AVOID**: Trading the dead zone **$5,000–5,050. Low risk/reward.

XAU
XAUUSDT
5,038.1
+0.07%