The price of XAU tokens has shown a notable upward trend recently. According to Gate market data, $XAU briefly broke through the key resistance level of $5,300 on January 28, and is now holding steady above $5,280.
Tether’s gold reserves have surpassed 140 metric tons, with a value approaching $24 billion, making it one of the largest private holders of gold outside of banks and governments.
01 The Rise of Tokenized Gold
The global gold market is undergoing a digital transformation, with tokenized gold bringing new liquidity to this traditional safe-haven asset. By leveraging blockchain technology, physical gold can now circulate in the crypto market as digital tokens.
Tether’s gold reserves have grown rapidly over the past year, now exceeding 140 metric tons and valued at nearly $24 billion.
This not only supports Tether’s gold-backed token, XAU₮, but also strengthens its broader reserve structure. These reserves are stored in highly secure underground vaults in Switzerland, providing robust physical backing for the digital tokens.
02 Latest Price Movements of XAU Tokens
As of January 28, 2026, the $XAU token was trading at approximately $5,258.55 on the Gate platform.
From a technical analysis perspective, the 4-hour chart reveals several technical signals.
A bearish solid candlestick pattern formed in the $5,107.72 to $4,996.26 range, indicating that market participants began locking in profits on long positions. However, a subsequent bullish engulfing pattern suggests potential upward momentum.
The MACD indicator has fallen below the zero line and continues to decline in negative territory, signaling that bullish momentum may be weakening.
The RSI remains around 65, indicating that the price may be due for a correction or could continue to rise. The MFI is also gradually declining near its upper boundary, showing that liquidity is flowing out.
Key short-term support levels for $XAU tokens include: $5,052.87, $4,996.26, and $4,937.88.
Key resistance levels include: $5,107.72, $5,153.72, and $5,208.41.
03 Core Factors Influencing Tokenized Gold Prices
Changes in the macroeconomic environment directly impact the price trends of gold and its tokens. The Federal Reserve’s interest rate decisions, FOMC statements, and remarks from President Trump are all key events to watch in the near term.
The market generally expects that central banks could purchase an average of 70 metric tons of gold per month in 2026, which would provide strong support for gold prices.
Escalating geopolitical tensions often drive demand for safe-haven assets like gold. The Trump administration’s stance on Iran and Venezuela, as well as the ongoing Russia-Ukraine conflict, could further stimulate gold demand.
As confidence in fiat currencies continues to erode, Tether is positioning itself as a "central bank of gold."
This strategic shift reflects a renewed recognition of the role of physical assets in the future financial system. In the fourth quarter of 2025 alone, Tether purchased 27 metric tons of gold, making it one of the world’s largest XAU/USD buyers.
04 Short- and Long-Term Price Forecasts
Technical indicators show that the $XAU token is currently trading within a key price range. Trading strategies suggest that if trading volume increases and the price breaks above $5,107.72, opening long positions could be considered, targeting $5,153.72, $5,208.41, and $5,266.41.
Support and resistance analysis indicates that tomorrow’s key support and resistance levels are $4,996.26 and $5,153.72, respectively. Next week, the price range may fluctuate between $4,762.72 and $5,107.72.
Looking further ahead, industry analysts predict that by 2026, gold prices could reach $2,800 to $3,200 per ounce. If inflationary pressures persist or geopolitical risks escalate, increasing gold allocations may be a wise choice.
05 Investment Strategies and Platform Selection
Tokenized gold offers investors a new way to flexibly allocate gold assets, combining the stability of traditional assets with the innovative advantages of blockchain technology.
For those looking to invest in tokenized gold products like $XAU, choosing the right trading platform is crucial.
As one of the world’s leading cryptocurrency exchanges, Gate provides comprehensive digital asset trading services. According to CoinGecko data, Gate is among the most active exchanges for trading Bitcoin and Ethereum.
Outlook
Spot gold’s breakthrough above $5,300 is just the beginning. The 24/7 trading model, borderless nature, and high transparency of tokenized gold are redefining how the global gold market operates.
In the coming months, the price of $XAU tokens will continue to seek a balance between the stability of traditional finance and the innovation of the crypto market. This new asset class is becoming a resilient choice for crypto investors navigating uncertain economic times.
