Today, the release of the US Retail Sales data at 12:30 GMT could cause an increase of volatility.
On Friday, at 13:45 GMT, the US Markit PMI data sets could impact the rate through the value of the US Dollar.
Click on the link below to find out more about the data releases of this and other currency exchange rates.
XAU/USD short-term forecast
On Friday, the bullion was approached by the support of the 55-hour simple moving average near 1,824.00
If the SMA manages to push the price up, it could pass the resistance of the 1,835.00 level and test other round price levels. On the other hand, a potential decline below the SMA would look for support in the zone near the 1,820.00 mark.
Hourly Chart
XAU/USD daily charts review
On the daily candle chart, the rate is testing the resistance of the 55 and 200-day simple moving averages, which are located near 1,830.00 mark.Meanwhile, note that a potential decline of the price could find support in the 100-day simple moving average near 1,790.00.
Daily Candle Chart
Traders are slightly long
On Friday, the sentiment on the Swiss Foreign Exchange was 54% bullish, as 54% of open position volume was long.
On Thursday, the sentiment was 55% long.
Meanwhile, in the 1000-pip range around the metal's price the pending orders were 81% to buy gold.