Is it too late to buy Tether Gold? XAUT Price Increases 1% As Crypto Casino Project Gathers Speed - How To Buy Cheaper?
Leading crypto-gold project Tether Gold (XAUT) saw a +1% price increase during a 1:1 gold price (per troy ounce) surge – fueled primarily by heightened geopolitical concerns over Israel's escalating conflict with Hamas.
Amid the unrest, gold prices have been making strong gains, trading near $1,850, driven mainly by the escalating military situation around Gaza – which is likely to raise tensions in the Middle East.
As global markets face fears of geopolitical instability that could have wider implications, investors are gravitating toward traditional safe-haven assets.
Gold, revered as a safe-haven in times of geopolitical uncertainty, appears to be benefiting from this sentiment.
As the conflict between Hamas and Israel escalates and fears that it could spread to other parts of the region increase, demand for assets such as gold is rising.
Economic data fueling gold discoveries
Against this background, the US dollar (USD) showed resilience after the latest positive US non-farm payrolls data, which boosted market forecasts for a sharp increase of 336,000 jobs in September.
This job growth, combined with expectations that the Federal Reserve will keep interest rates higher, has led U.S. Treasury yields to rise again, with the 10-year bond yield nearing its highest level since 2007 at 4.80%.
In the future, the market's attention is set to shift to the upcoming meeting of the International Monetary Fund (IMF), which will discuss the stabilization of the international exchange rate and strategies for further development.
Additionally, the US core producer price index will be in focus later this week, providing key insights into inflation and the overall health of the US economy.
But how is this leading 1:1 gold token XAUT?
XAUT Price Analysis: Tether Gold Rises on Gaza Geopolitical Tensions
Amid the gold rally, XAUT is moving higher into the trading channel and currently represents a crypto price on the market of $1858 (24-hour change -0.26%, and +$2.19 premium on gold spot price).
This comes on the heels of a strong +2.35% advance from the bullish zone between $1775 and $1825 that was triggered last Thursday.
XAUT's price action is now testing resistance from the 20DMA area, which has blocked significant upside moves for two weeks since September 25.
A break above the 20DMA would be prime for XAUT's move to recover $1,900 – a realistic scenario given the fundamental tailwinds of the situation in Gaza.
As for the XAUT indicators, the RSI currently remains at the oversold bullish mark of 43.55 – although it is worth noting that the recent movement has gradually increased on this indicator.
And the MACD significant bullish divergence at 2.019 confirms this bullish sentiment.
Overall, given the changes seen in Israel over the weekend, XAUT is awaiting a critical break above the 20DMA.
This leaves XAUT with an upside target at $1,900 (+2.27% potential).
On the downside, XAUT may see support below $1,850 (possible -0.42%).
XAUT therefore carries a Risk:Reward ratio of 5.38 – a very risky entry characterized by a market moving towards ‘safe haven' assets.
But while the market is leaning towards lower return areas, profitable opportunities are abounding – and one such project that is growing in demand is the Telegram-based GambleFi project.
TG.Casino's Presale: The Next GambleFi Sense in Crypto
Amid growing interest in Telegram trading bots and GambleFi, TG.Casino (TGC) quickly caught the market's attention, raising $670k in pre-sales in just a few days.
Unlike the usual Telegram bot ventures, TG.Casino makes it unique by combining the excitement of a casino with the decentralized benefits of blockchain.
Being a licensed casino, combined with Telegram and its vast user base, offers an unparalleled mix of reach and potential.
What makes TG.Casino different in GambleFi?
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Token Utility: The $TGC token is at the heart of the TG.Casino ecosystem. It not only offers fast transactions, but also various facilities such as exchanging game credits or other cryptos.
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Participation: To join, go to TG.Casino official website, set up an ERC-20 compatible crypto wallet, buy ETH or USDT and follow the steps on site to buy $TGC. Once the presale ends, you can claim your tokens during the token generation event.
Bright Future: With well-thought-out tokenomics and an incredible 3,446% APY, TG.Casino is setting the stage for great success in the GambleFi sector.
In conclusion, the TG.Casino pre-sale represents not only an opportunity, but also an invitation to the future of GambleFi via Telegram.
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Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.
