#XAUT is online, which does not mean that the second spring for precious metals has arrived.

Many people will be deceived by the new story at first,

but what really matters in the market is still gold and silver.

This time Binance has brought XAUT up,

many people's first reaction is:

Gold is going on-chain, precious metals are about to start the second wave.

But the market isn't that simple.

What really determines the rhythm now,

is not this new line XAUT,

but the old main lines of gold and silver.

$XAU Gold is bearing the structure in the front,

$XAG Silver is conveying emotions in the back.

If gold can continue to push the structure forward,

and silver follows to amplify,

then this wave of precious metals would truly seem to be in a synchronized recovery.

But if gold can only stabilize,

and silver can't keep up,

then the more possibilities brought by the launch of XAUT may just be a hot topic,

not the main upward trend of the market.

So the easiest mistake to make this time is:

To directly interpret the launch of XAUT,

as a switch in the main line of gold.

On my side,

the main line is still temporarily XAUUSDT + XAGUSDT,

XAUT seems more like a new observation point,

not the one that takes away the main axis.

First see if gold can drive silver,

then check if this line of gold token has any extra premium.

Heat can be borrowed,

don't rush to take the direction first.

Let the structure come out, then decide whether to follow or not.