On Thursday, at 13:30 GMT the US Durable Goods Orders and Core Durable Goods orders data will be published. However, during the prior months the data release has not caused increases of volatility.
Click on the link below to find out more about data releases of this and other currency exchange rates.
XAU/USD short-term forecast
A resumption of the surge could find resistance in the 1,815.00 level and the resistance zone located below it. Higher above, the summer high zone starts at the 1,830.00 mark.
On the other hand, a decline could look for support in the 50 and 100-hour simple moving averages near 1,800.00. Below the 1,800.00 mark, the 200-hour simple moving average might provide support near 1,790.00.
XAU/USD daily charts review
On the daily candle chart, the Federal Reserve announcement broke the resistance of the 50, 100 and 200-day simple moving averages and the October and November low level trend line. These levels were acting as resistance since November 31.Meanwhile, the daily candle chart can be used to more clearly explore previous high level zones at 1,830.00 and 1,880.00.
Daily Candle Chart
Traders are long
On Thursday, the sentiment on the Swiss Foreign Exchange was 56% bullish, as 56% of open position volume was in long positions.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 67% to buy the precious metal.
On Wednesday, the open positions were 56% long and the orders were 54% to sell.