On Monday morning, the price had declined and found support in the 1,825.00 level.
Economic Calendar Analysis
On Friday, the rate could move due to the publication of the US Producers Price Index at 12:30 GMT.
XAU/USD short-term forecast
If the price of the metal starts a decline, it could look for support in the 1,820.00 level, which previously provided resistance. Below the 1,820.00 level, the 55 and 100-hour simple moving averages might provide additional support.
On the other hand, a surge of the price most likely would test the resistance of the 1,830.00/1,835.00 zone before making an attempt to reach the 1,850.00 level.
XAU/USD daily charts review
On the daily candle chart, the yellow metal has reached the resistance of the summer high levels.Daily Candle Chart
Traders are neutral
On Monday, the sentiment on the Swiss Foreign Exchange was 50% bearish and bullish.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 74% to buy the precious metal.