By mid-Friday, the price had almost reached the 200-hour SMA at 1,790.20.
Economic Calendar Analysis
On Monday, the US ISM Manufacturing PMI will be published at 14:00 GMT.
On Wednesday, at 12:15 GMT the US ADP Non-Farm Employment Change could cause a minor USD move.
Later on, at 14:00 GMT the US ISM Non-Manufacturing PMI will be out.
Wednesday will end with the US Federal Open Markets Committee Statement and Federal Funds Rate publication at 18:00 GMT.
On Thursday, at 12:30 GMT, the US Unemployment Claims on Thursday might cause a minor USD move.
On Friday, US statisticians will publish their monthly employment data sets at 12:30 GMT.
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 surge of the metal's price could once again test the resistance of the 1,810.00 level, before aiming at the resistance of the summer high level at 1,830.00.
On the other hand, the price for gold might look for support in the 200-hour SMA. Below the SMA, a trend line, which connects this week's low levels could provide support.
XAU/USD daily charts review
On the daily candle chart, the yellow metal's price has broken and passed the resistance of the 100 and 200-day simple moving averages near 1,793.00.In the meantime, a channel up pattern was spotted, which has guided the price since late September. If the pattern holds, the price could return to the 1,830.00 mark.
Daily Candle Chart
Traders are almost neutral
Since Monday, the sentiment on the Swiss Foreign Exchange was 53% bullish, as 53% of open position volume was in long positions.
Meanwhile, since Thursday, in the 1000-pip range around the metal's price pending trade orders were 76% to buy the precious metal.