During next week, there are various types of events, which could impact different currencies. However, among the events it is clear that the top one is the quarterly US Preliminary Gross Domestic Product data release on Thursday at 13:30 GMT.
On Tuesday, the US Markit Manufacturing and Services Purchasing Managers Index survey results are expected to cause move on all USD pairs and assets.
The week's notable events will end on Friday with the US Durable Goods Orders and Core Durable Goods orders publication 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 commodity price resumes its surge, it would most likely make another attempt at passing the resistance of the 1,900.00 mark. Above the 1,900.00 level, take into account the upper trend line of the channel up pattern, which has guided gold up since February 3.
Meanwhile, a potential decline could look for support in the 1,880.00/1,882.90 zone and the 50-hour simple moving average. Below these levels, note the 100-hour simple moving average and the lower trend line of the February channel up pattern.
XAU/USD daily charts review
On the daily candle chart, the break out of the large scale triangle pattern is already testing the May high level zone, which is located above the 1,900.00 mark.Daily Candle Chart
Short sentiment increases
On Thursday, the sentiment on the Swiss Foreign Exchange was 66% bearish, as 66% of open position volume was in short positions.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 69% to sell the precious metal.
On Friday, the sentiment was 68% short and pending orders were 52% to sell.