#CelebratingNewYearOnGateSquare 15-minute chart XAUT/USDT (Tether Gold), here is a technical analysis of the recent price action:
1. Recent Price Action & Trend
Sudden Breakout: Following a long period of sideways consolidation (ranging between roughly 5,140 and 5,180), the price experienced a significant, sharp spike upward.
Current Price: The price broke above the resistance level and peaked near 5,231.6 before pulling back slightly to the current level of 5,201.0.
Trend: The immediate short-term trend is strongly bullish, reversing the previous neutral/sideways sentiment.
2. Moving Av