The support of the zone just above the 1,770.00 level was enough for the metal's price to surge above the 55, 100 and 200-hour simple moving averages.
By the middle of Thursday's European trading hours, the price was heading to the resistance of the 1,800.00 mark.
On Friday, the release of the US Employment data could impact the price for gold through the value of the US Dollar.
Click on the link below to find out more about the data releases of this and other currency exchange rates.
XAU/USD short-term forecast
If the metal manages to pass the resistance of the 1,800.00 level, the rate could test the February high level at 1,815.00.
On the other hand a potential decline caused by the 1,800.00 mark could look for support in the 55, 100 and 200-hour simple moving averages.
Hourly Chart
XAU/USD daily charts review
On the daily chart, the XAU/USD exchange rate is continuing to trade among the 55-day, 100-day SMAs and the 50.00% Fibonacci retracement level.Previously, the SMA started to strengthen the resistance of the 50.00% Fibonacci retracement level of the 2020 low and high levels at 1,763.74.
Meanwhile, note that the 1,800.00 level was being strengthened by the resistance of the 100-day simple moving average.
Daily Candle Chart
Traders are long
Since Wednesday, the sentiment on the Swiss Foreign Exchange was 60% bullish, as 60% of open position volume was long.
Meanwhile, in the 1000-pip range around the metal's price the pending orders were 84% to buy the metal.