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
A potential surge above the 1,820.00 level could reach for the August high level zone in the 1,830.00/1,835.00 zone. Above this zone, the 1,850.00 mark could provide resistance.
Meanwhile, a decline of the price would most likely look for support in the previous high zone below 1,810.00. Afterwards, the 55, 100 and 200-hour simple moving averages might provide support.
XAU/USD daily charts review
On the Daily time-frame 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
On Monday, the sentiment on the Swiss Foreign Exchange was 50% bearish and bullish.
On Friday, 52% of volume was in long positions.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 77% to buy the precious metal.