XAU/USD makes 1-week lows below $1,810

• XAU/USD tries to hold above $1810, still under downward pressure.
• Equity markets fall in Europe as do Wall Street futures.
• DXY rises for the third day in a row.

The oro it is falling on Tuesday and maintains a bearish tone, affected by the rise in the dollar and the deterioration in the climate of the financial markets. XAU/USD rallied in Asian hours to test Monday’s high of $1,822, but then reversed direction and fell as low as $1,808, the lowest level in a week.

In the preview of the American session gold is cutting losses, but still bearish and under pressure after failing to recover $1815. If it does, the metal could gain support for a more sustainable rebound.

The decline in gold occurred before a rise in the dollar in the market and in a context of falling equity markets. In Europe, the FTSE 100 lost 0.70%, the CAC 40 lost 1.12% and the DAX 1.15%. For their part, Wall Street futures point to an opening with falls greater than 1% on average in the price of shares.

The treasury bond yields They rise with respect to the close on Friday, although they have moderated the advance in the last hours, moving away from the maximums reached in months. The 10-year rate yields 1.81% and the 30-year rate, 2.13%.

Metals traders’ eye will be on what happens to Treasury yields and Wall Street stocks. The economic calendar shows ahead the Manufacturing Empire report on activity in the sector in the New York region during January and later the NAHB index of the real estate sector. No big impact is expected from these data. Next week is the meeting of the Federal Reserve, where it is estimated that there would be a clear signal of a rise in the interest rate for the March meeting.

Technical levels