The top event of all will take place on Wednesday at 18:00 GMT. The US Federal Reserve is scheduled to make a Rate Statement.
On Thursday, the US Advance GDP at 12:30 GMT is bound to move the US Dollar's value. In addition, at the same time the US Unemployment Claims could cause volatility.
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
A potential recovery of the commodity price could find resistance in the 1,800.00 mark, which would be strengthened by the 55 and 100-hour simple moving averages. Above this level, the 1,810.00 mark together with the 200-hour SMA would provide additional resistance.
On the other hand, a decline below the 1,795.00 mark would have no technical support. However, note that the 1,790.00 level reversed a decline last Friday.
Hourly Chart
XAU/USD daily charts review
On the daily candle chart, the rate is trading between the support of the 100-day simple moving average near 1,800.00 and the resistance of the 55 and 200-day SMAs at 1,833.00 and 1,822.00.Daily Candle Chart
Traders are long
Since Friday, the sentiment on the Swiss Foreign Exchange was 60% long.
Meanwhile, in the 1000-pip range around the metal's price the pending orders were 74% to buy gold.