Meanwhile, it could be spotted that the 200-hour simple moving average was providing support near 1,790.00.
Economic Calendar Analysis
Next week, on Tuesday, the US Producer Price Index and Core Producer Price Index at 13:30 GMT could cause minor USD volatility.
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index will be released. In addition, the weekly US Unemployment Claims are set to be out at the same time. If the data sets combined beat or disappoint forecasts, a notable move in all USD assets might occur.
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
If the price manages to move above the 1,800.00 level, it could aim at the October high level zone at 1,810.20/1,814.00. Above this zone round price levels could slow down a surge to the summer high level at 1,830.00.
Meanwhile, a decline below the 200-hour SMA might find support in the 100-hour SMA at 1,786.50 and the 50-hour SMA at 1,784.00.
XAU/USD daily charts review
On the daily candle chart, the yellow metal's price has moved out of the channel up pattern, which guided the price since the middle of September.Most recently, it can be spotted that round price levels have begun to impact the rate.
Daily Candle Chart
Traders become neutral
On Friday, the sentiment on the Swiss Foreign Exchange was 52% bullish, as 52% of open position volume was in long positions.
On Thursday, sentiment was 54% long.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 61% to buy the precious metal.