Bybit Launches Gold-Backed Crypto Options Trading
- New Product Launch: Bybit has introduced options trading for TetherGold (XAUT) on its platform, aimed at providing strategic opportunities for investors, thereby enhancing its competitive edge in the crypto market.
- Options Structure: These new options utilize a European-style structure, with each contract equivalent to one troy ounce of physical gold, leveraging the RFQ system for personalized pricing, which enhances trading flexibility for large transactions.
- Liquidity Assurance: Bybit has partnered with Orbit Markets to ensure robust liquidity for options trading, leveraging Orbit's extensive experience in both crypto and traditional financial markets to provide institutional-grade liquidity and pricing transparency for traders.
- Market Context: The international market for gold options boasts multi-billion dollar trading volumes, and Bybit's entry signifies its efforts to promote this asset class on a cryptocurrency exchange, catering to investors' demand for diversified investment strategies.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for XAUt
Technical Sentiment Analysis for Tether Gold (XAUt). As of , Tether Gold (XAUt) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 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 crypto.
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 | 3707.758 | 3863.879 | 4048.758 | 4204.879 | 4389.758 | 4545.879 | 4730.758 |
| Fibonacci | 3863.879 | 3994.141 | 4074.617 | 4204.879 | 4335.141 | 4415.617 | 4545.879 |
About XAUT
About the author







