Breaking: Gold jumps to $1,767, highest level since Oct. 2012


The troy ounce of the precious metal shot higher in the last minutes and touched its best level since October of 2012 at $1,767.31. As of writing, the XAU/USD pair was up 0.58% on the day at $1,766.

The heavy selling pressure surrounding the greenback seems to be fueling the pair's rally on Tuesday. Ahead of key macroeconomic data releases from the US, the USD is suffering heavy losses against its major rivals with the US Dollar Index losing more than 0.4% on the day at 96.58.

Moreover, the risk-on market environment seems to be putting additional weight on the USD's shoulders. At the moment, S&P 500 futures are up 0.78% on the day, suggesting that Wall Street is likely to open the day sharply higher.

Technical levels to consider

XAU/USD

Overview
Today last price 1760.9
Today Daily Change 5.91
Today Daily Change % 0.34
Today daily open 1754.99
 
Trends
Daily SMA20 1722.3
Daily SMA50 1717.7
Daily SMA100 1659.88
Daily SMA200 1581.42
 
Levels
Previous Daily High 1763.22
Previous Daily Low 1742.97
Previous Weekly High 1745.46
Previous Weekly Low 1704.28
Previous Monthly High 1765.38
Previous Monthly Low 1670.72
Daily Fibonacci 38.2% 1755.48
Daily Fibonacci 61.8% 1750.71
Daily Pivot Point S1 1744.23
Daily Pivot Point S2 1733.48
Daily Pivot Point S3 1723.98
Daily Pivot Point R1 1764.48
Daily Pivot Point R2 1773.98
Daily Pivot Point R3 1784.73

 

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