Economic Calendar Analysis
On Monday, a slight move on all USD assets could be caused by the US Durable Goods Orders and Core Durable Goods Orders release at 12:30 GMT.
On Thursday, at the same time as the US GDP, the US weekly Unemployment Claims could also impact the USD.
On Friday, at 14:00 GMT a notable move could be created by the US ISM Manufacturing PMI results.
XAU/USD short-term forecast
If the September support zone holds, the metal's price might recover. A potential recovery could find resistance in the 55, 100 and 200-hour simple moving averages near 1,755.00, 1,760.00 and 1,765.00. In addition, round price levels could once again act as resistance.
A passing below the low levels could reach August low levels near 1,720.00.
XAU/USD daily charts review
On the daily candle chart, note that the bullion has been in a decline since the start of September, when it bounced off the summer high zone at 1,830.00.Daily Candle Chart
Traders are long on gold
Since Friday, the sentiment on the Swiss Foreign Exchange was 67% bullish, as 67% of open position volume was in long positions.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 70% to buy the precious metal.