Bybit Launches XAUT Options Trading for Gold Hedging

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

XAUT+0.841%

MAJOR+0.25%

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New Product Launch: Bybit has introduced options trading for TetherGold (XAUT) settled in USDT, allowing investors to hedge against gold price fluctuations, thereby enhancing its competitive edge in the crypto market.
Contract Structure Explained: Each XAUT options contract represents one troy ounce of physical gold and is structured as European-style options, which can only be exercised at expiration, catering to investors' demand for flexible trading.
Liquidity Assurance Partnership: Bybit has partnered with Orbit Markets to ensure ample liquidity at launch, with the Orbit team comprising industry veterans from precious metals trading, thereby boosting market confidence.
Market Positioning and Trends: The global gold options market sees trading volumes in the billions, and Bybit's entry signifies the further prominence of traditional asset classes on crypto platforms, attracting both individual and institutional traders.

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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

Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility. Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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