On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT.
On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index and Core Consumer Price Index changes 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
In the case that the decline of the price continues, the commodity might reach the December low level zone at 1,760.15/1,763.60. On the other hand, the bullion might recover and test the 50, 100 and 200-hour simple moving averages near 1,782.00/1,785.00, before reaching the upper trend line of the channel down pattern.
Meanwhile, take into account that round price levels are capable of providing both support and resistance.
XAU/USD daily charts review
On the daily candle chart, the metal has passed 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
Long sentiment changes
Since Monday, the sentiment on the Swiss Foreign Exchange was 62% bullish, as 62% of open position volume was in long positions.
On Thursday, the sentiment was 63% long.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 73% to buy the precious metal.