Gold Price Extending Consolidation, Eying US CPI

<div><img width="717" height="482" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png" class="type:primaryImage wp-post-image" alt="Gold price analysis" decoding="async" style="margin-bottom: 15px;" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png 717w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-300×202.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-150×101.png 150w" sizes="(max-width: 717px) 100vw, 717px" /></div>
<p>XAU/USD could jump higher if it stays above the lower median line (LML). Taking out the range’s resistance activates an upward movement. The US inflation figures should be decisive on Wednesday. The gold price is in a tight range in the short term. It is trading at $1,926 at press time. The US dollar bounced…</p>
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