This week, on Tuesday the CB Consumer Confidence and JOLTS Job Opening data sets could impact the markets via the US Dollar at 14:00 GMT.
On Wednesday, the US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However, more impact might be caused by the US Preliminary GDP publication at 12:30 GMT.
On Thursday, the US Core PCE Price Index should cause a USD move. Although, the head of the Federal Reserve Jerome Powell has already commented on the data during the Jackson Hole symposium. Due to this reason there might be no currency adjustment.
On Friday, the US monthly employment data will be released at 12:30 GMT. The release will consist of the Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.
In addition, also on Friday, note the US Institute for Supply Management Manufacturing Purchasing Managers Index release at 14:00 GMT.
XAU/USD short-term forecast
In general, previous future scenarios remain unchanged. A move above 1,923.00 could be slowed down by the 1,925.00 level, before the price reaches the 1,930.00/1,932.25 resistance zone.
On the other hand, a decline of the price below 1,915.00 could look for support in the 100-hour simple moving average and the 1,910.25 level. Further below, the 1,902.50/1,905.00 might once again act as support.
XAU/USD daily charts review
On the daily candle chart, the metal has moved back above the 1,900.00/1,915.00 range. This range could turn into support. Meanwhile, take into account the combination of the 50 and 200-day simple moving averages near 1,935.00. These levels could act as additional resistance.Daily Candle Chart
Gold traders are mostly long
On the Swiss Foreign Exchange, traders are 71% bullish on gold, as that proportion of open Gold positions are long.
In the meantime, pending orders in the 1000 point range around the current price are 54% to buy.