On Tuesday, at 13:30 GMT, the US Producers Price Index and Core Producers Price Index are expected to cause minor moves on all USD pairs.
On Wednesday, at 13:30 GMT, the US Retail Sales and Core Retail Sales are set to impact the USD.
Top event of the month is scheduled for 19:00 GMT on Wednesday. At that time, the US Federal Funds Rate, FOMC Statement and Economic Projections are going to be published. The USD is expected to be highly volatile.
The week's notable events will end with the weekly US Unemployment Claims at 13:30 GMT and the US PMIs at 14:45 GMT. These events have rarely caused notable USD moves.
Click on the link below to find out more about data releases of this and other currency exchange rates.
XAU/USD short-term forecast
A move below the simple moving averages might reach for the support of the Friday low level at 1,770.45. Below the low level, the December low at 1,762.20 could stop a decline.
However, a surge of the price would need to pass the 1,790.00 level, before reaching the 1,800.00 mark.
XAU/USD daily charts review
On the daily candle chart, the metal is finding resistance in the trend line, which connects the August, September and November low levels.Meanwhile, the 50, 100 and 200-day simple moving averages were at the trend line. It was spotted on December 8 that the SMAs were acting as resistance.
Daily Candle Chart
Traders are long
On Tuesday, the sentiment on the Swiss Foreign Exchange was 61% bullish, as 61% of open position volume was in long positions.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 69% to buy the precious metal.