However, the rate recovered from the 1,852.25/1,856.50 zone. Moreover, at mid-day on Friday the commodity price jumped, as the US Dollar's value was decreased by worse than forecast US monthly employment data at 12:30 GMT. Economic Calendar Analysis
On Thursday, the US Consumer Price Index, US Core Consumer Price Index and the US Unemployment Claims are set to be released exactly at 12:30 GMT. Most likely, all USD asset and pair moves from 12:30 to 12:35 could be attributed to these data sets.
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
During Friday's US trading hours, the yellow metal's price was fluctuating between the support of the 1,888.00 level, where the 55-hour simple moving average was located at, and the resistance of the 100 and 200-hour simple moving averages at 1,895.70.
In the case of the price passing the support of the 55-hour simple moving average, the rate could once again test the 1,852.25/1,856.50 zone.
On the other hand, a potential surge could aim at the 1,910.00 level.
Hourly Chart
XAU/USD daily charts review
The yellow metal continues to edge higher in a channel up pattern. The recent decline on Friday, confirmed the strength of the lower trend line of the pattern, as the commodity price bounced off the trend line.In the future, a 23.60% Fibonacci retracement level could provide resistance at 1,928.61.
Daily Candle Chart
Traders are almost neutral
On Friday, the sentiment on the Swiss Foreign Exchange was 52% bearish, as 52% of open position volume was short.
Meanwhile, in the 1000-pip range around the metal's price the pending orders were 62% to buy the metal.