No significant market moves should occur from economic news.
XAU/USD short-term forecast
A decline of the metal might look for support in the price level of 2690.65000, price push towards 2722.000.
XAU/USD daily charts review
On the daily candlestick chart, gold has been trading within the 2665.00 to 2605.00 range. Positive news related to gold would likely create momentum to the upside, increasing the probability of testing the 2723.00 resistance level.Daily Candle Chart
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Traders remain short
On Monday, 63% of volume was in short positions. Traders are shorting gold.
Meanwhile, in the 1000 point range around the latest price, the pending orders were 50% to sell the metal.