The commodity price might react to the release of the US Services and Manufacturing PMIs on Friday at 13:45 GMT.
XAU/USD short-term forecast
Note that the metal's price was finding support and resistance in the 1,915.00 level during mid-March. Below the 1,900.00 mark, the 1,895.00 has acted as support and resistance also in March.
On the other hand, a potential recovery of the bullion could encounter resistance in 1,932.25, 1,940.00 and 1,950.00.
XAU/USD daily charts review
On the daily candle chart, the metal has passed below the 100-day simple moving average and the lower trend line of the channel up pattern that has guided the price up since October.Daily Candle Chart
Read More: Technical Analysis
Gold traders are long
On Thursday, gold traders were bullish, as 61% of open positions were long.
Meanwhile, pending trade orders in the 1000 point range around the current price were 59% to sell the metal.