Economic Calendar Analysis
XAU/USD short-term forecast
All things being equal, the precious metal could continue to trend bullish during the following trading session. The potential target for bulls will be near the 1810.00 level.
However, technical indicators suggest the XAU/USD exchange rate could edge lower within this session.
XAU/USD daily charts review
On the Daily time-frame chart, the yellow metal has encountered the resistance of the 100 and 200-day simple moving averages near the 1,810.00 level.Daily Candle Chart
Read More: Technical Analysis
Traders are almost neutral
On Thursday, the sentiment on the Swiss Foreign Exchange was 54% bullish.
On Friday, 52% of the volume was in long positions.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 69% to buy the precious metal.