On Tuesday morning, additional support was approaching the bullion. Namely, the 55-hour simple moving average reached above the 1,810.00 level.
Economic Calendar Analysis
This week, the price could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday at 14:00 GMT.
The top day for fundamental event watchers will be Friday. On Friday, at 12:30 GMT the US will release the country's monthly employment data. Later on, at 14:00 GMT, the US ISM Services Purchasing Managers Index is set to be out.
Most impact is expected from the US employment data release. The release will consist of the US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.
XAU/USD short-term forecast
If the 55-hour SMA manages to push the price up, the metal would have to pass the 1,820.00 level first. Afterwards, the high level zone near 1,830.00/1,835.00 could provide resistance.
However, a decline below the SMA would look for support in the previous high levels close below the 1,810.00 mark before reaching the 100 and 200-hour simple moving averages near 1,800.00/1,795.00.
XAU/USD daily charts review
On the daily candle chart, the yellow metal has passed the resistance of the 100 and 200-day simple moving averages near the 1,810.00 level. Meanwhile, the August and July high levels can be better observed on this chart.Daily Candle Chart
Traders are neutral
Since Monday, the sentiment on the Swiss Foreign Exchange was 50% bearish and bullish.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 73% to buy the precious metal.