On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs that include the USD.
During the week, almost all attention will be paid to the US Federal Reserve Federal Open Market Committee Meeting Minutes on Wednesday at 19:00 GMT.
The meeting minutes are a protocol of the central bank's committee, which decides US and, subsequently, global monetary policy. The document is set to reveal, what the committee talked about and detailed information about their future plans.
On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data 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 metal continues to decline, support might be found in the 1,916.50/1,921.65 zone, which acted as support on Wednesday and Thursday. Further below, the 1,900.00 mark and the 1,890.50/1,893.40 zone is expected to stop a decline.
However, a surge of the metal's price is expected to find some resistance in the 50, 100 and 200-hour simple moving averages in the 1,927.00/1,935.00 range. Higher above, note the 1,940.00 and 1,950.00 levels.
XAU/USD daily charts review
On the daily candle chart, the metal's price has been reached by the 50-day simple moving average near the 1,896.00 level. Further below, take into account the 100-day SMA near 1,855.00 and the 200-day SMA near 1,820.00.Daily Candle Chart
Traders are almost neutral
Since Thursday, the sentiment on the Swiss Foreign Exchange was 52% bullish, as 52% of open position volume was in long positions.
Meanwhile, on Friday, in the 1000-pip range around the metal's price, pending trade orders were 69% to buy the precious metal.