Next week, on Tuesday, at 13:30 GMT, the US Retail Sales and US Core Retail Sales are bound to impact the value of the US Dollar.
On Thursday, note that a minor USD move could be caused by the weekly US Unemployment Claims.
However, on November 10, the move of 28.5 pips was caused actually by the US CPI.
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 price passes the resistance of the 1,865.00/1,870.00 zone, the yellow metal's price could aim at the 1,900.00 mark. However, note that other round price levels could act as resistance.
On the other hand, a decline of the price might once again find support in the 1,841.80/1,845.00 zone and the 100-hour simple moving average, which was approaching the zone from below. Although, note that the 50-hour SMA recently caught up with the price and made no notable impact.
XAU/USD daily charts review
On the daily candle chart, traders can observe this and last year's high level zones near 1,900.00, 1,950.00 and 2,000.00.Daily Candle Chart
Traders are short
Since Wednesday, the sentiment on the Swiss Foreign Exchange was 55% bearish, as 55% of open position volume was in short positions.
On Friday, the situation changed, as 56% of volume was short.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 53% to buy the precious metal.
The orders were 56% to sell, on Thursday.