Next week, on Monday, the US ISM Manufacturing PMI could cause a move.
On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released.
The week will end with Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the US Average Hourly Earnings, US Non-farm Employment Change and US Unemployment Rate.
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
By and large, the XAU/USD exchange rate could continue to edge lower during the following trading session. The possible target for bearish traders will be near the 1795.00 area.
However, sellers are likely to encounter support at 1808.12 within Monday's trading session.
Hourly Chart
XAU/USD daily charts review
On the daily candle chart, the price has passed the resistance of the 200-day simple moving average near 1,820.00. However, on Friday, the rate encountered the resistance of the 55-dya SMA near 1,833.00.In addition, take into account that a 38.20% Fibonacci retracement level at 1,837.43 could provide resistance.
Daily Candle Chart
Traders reduce long sentiment
Since Friday, the sentiment on the Swiss Foreign Exchange was 59% long.
On Monday, the market sentiment changed, as 57% of the volume was long.
Meanwhile, in the 1000-pip range around the metal's price, the pending orders were 75% to buy gold.