On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released.
The week will end with the 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
surged by 127 pips or 0.70% during Monday's trading session.
All things being equal, gold could edge higher against the US Dollar during the following trading session. The possible target for buyers could be near the 1830.00 area.
However, the 100– hour simple moving average at 1814.39 could provide resistance for the exchange rate in the shorter term.
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 are long
On Monday, the sentiment on the Swiss Foreign Exchange was 57% long.
On Tuesday, the market sentiment changed, as 56% of volume was long.
Meanwhile, in the 1000-pip range around the metal's price the pending orders were 88% to buy gold.