On Tuesday, the US Consumer Price Index at 12:30 GMT is expected to impact all USD traded assets and currency pairs.
On Wednesday, the US Producers Price Index at 12:30 GMT will impact the USD.
On Thursday, the weekly US Unemployment Claims could cause minor USD moves.
The week will end with the US Retail Sales data at 12:30 GMT.
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
In the near term future, the price could recover due to the support of the 1,800.00 mark. A potential surge of the bullion would most likely encounter resistance in the last week's high level just below the 1,820.00 mark.
Meanwhile, a decline below the 1,800.00 mark could look for support in the zone near the 1,790.00 level and the 200-hour simple moving average.
Hourly Chart
XAU/USD daily charts review
On the daily candle chart, the fundamental move up that was caused by US employment data managed to pierce the resistance of the 100-day simple moving average, which was keeping the price down since June 18.A potential target for the surge could be the combination of the 55 and 200-day simple moving averages near 1,830.00.
Daily Candle Chart
Traders are long
On Monday, the sentiment on the Swiss Foreign Exchange was 62% bullish, as 62% of open position volume was long.
Meanwhile, in the 1000-pip range around the metal's price the pending orders were 56% to buy gold.