On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT.
Click on the link below to find out more about data releases of this and other currency exchange rates.
XAU/USD short-term forecast
If the pair surges above the 200-hour simple moving average near 1,930.00, the price is expected to find resistance at each five dollar round level. Namely, 1,935.00, 1,940.00, 1,945.00 and 1,950.00 are capable of stopping and reversing potential surges.
On the other hand, a decline of the commodity price might find support in the 1,900.00 level and the support zone below it.
XAU/USD daily charts review
On the daily candle chart, the metal's price was reached by the 50-day simple moving average near the 1,896.00 level. Most recently, the moving average has moved up to the 1,910.00 level. Below the 50-day SMA, take into account the 100-day SMA near 1,865.00 and the 200-day SMA near 1,830.00.Daily Candle Chart
Traders are neutral
On Wednesday, the sentiment on the Swiss Foreign Exchange was neutral, as 50% of open position volume was in long and short positions.
Meanwhile, in the 1000-pip range around the metal's price, pending trade orders were 63% to sell the precious metal.