The pair might react to the Thursday's release of the US Core PCE Price Index at 12:30 GMT.
On Friday, note the US ISM Manufacturing PMI at 14:00 GMT.
XAU/USD short-term forecast
If the price continues to decline, it might look for support in the 1,805.00/1,809.00 zone, prior to reaching the 1,800.00 mark.
On the other hand, a surge of the commodity price might encounter resistance in the trend line, which connects the metal's recent high levels.
XAU/USD daily charts review
On the daily candle chart, the price has encountered resistance in the form of the 50 and 200-day simple moving averages.Daily Candle Chart
Traders are long
On Wednesday, the sentiment on the Swiss Foreign Exchange was 66% bullish. Namely, 66% of open position volume was in long positions.
Meanwhile, in the 1000-pip range around the metal's price, pending trade orders were 81% to buy the precious metal.
On Tuesday, the open positions were 64% long and orders were 67% to buy.