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
A continuation of the surge of the yellow metal's price could encounter resistance in the zone below the 1,820.00 mark. A passing of the resistance zone could result in the price reaching the 1,850.00 mark.
On the other hand, a decline would find support in the 55 and 100-hour simple moving averages near the 1,805.00 level before looking for support in the 1,800.00 level and the 200-hour SMA near 1,795.00.
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.
On Tuesday, the sentiment was 58% long.
Meanwhile, in the 1000-pip range around the metal's price the pending orders were 76% to buy gold.