The most notable event of the week will be the US and Canadian monthly employment data release on Friday at 13:30 GMT.
However, some might argue that the FOMC Meeting Minutes release on Wednesday at 19:00 GMT might cause a larger move. However, historical data of immediate reactions shows that it is not the case.
On Wednesday, at 13:15 GMT, the ADP Non-Farm Employment Change might cause minor USD moves on all charts.
On Thursday, the official US Unemployment Claims at 13:30 GMT could create USD volatility. Later on, on the same day, the US ISM Non-Manufacturing Purchasing Managers Index is set to be published at 15:00 GMT.
Click on the link below to find out more about data releases of this and other currency exchange rates.
XAU/USD short-term forecast
If the price for gold continues to move higher, it could reach the resistance zone of the 2021 summer and the 2022 New Year's Eve above the 1,830.00 mark. Higher above, the 1,850.00 level might stop a surge.
Meanwhile, a potential decline of the commodity price might find support in the simple moving averages near 1,815.00 and 1,810.00. Further below, note the support of the 1,800.00 mark.
XAU/USD daily charts review
The daily candle chart can be used to more clearly explore previous high level zones at 1,830.00 and 1,880.00. meanwhile, the same rule applies to 2021 low levels.Daily Candle Chart
Traders are long
On Tuesday, the sentiment on the Swiss Foreign Exchange was 57% bullish, as 57% of open position volume was in long positions.
Meanwhile, in the 1000-pip range around the metal's price pending trade orders were 62% to sell the precious metal.