XAU/USD shows volatility contraction above $1,860 ahead of US Inflation!

Gold price has tested the breakdown of the Inverted Flag chart pattern on a two-hour scale with weak buying strength. The yellow metal will likely display a perpendicular downside ahead after the asset comes out of balance.

The 20-period Exponential Moving Average (EMA) at $1,866.07 is barricading Gold bulls, which indicates more weakness ahead.

Meanwhile, the Relative Strength Index (RSI) (14) is hovering near 40.00. A breakdown into the bearish range of 20.00-40.00 will activate the downside momentum.

黄金价格在两小时内测试了倒旗形图表模式的崩溃，买盘力量疲软。在资产失去平衡后，黄金可能会在未来显示出垂直的下行空间。

位于 1,866.07 美元的 20 周期指数移动平均线 (EMA) 阻碍了黄金多头，这表明未来会有更多疲软。

同时，相对强度指数 (RSI) (14) 徘徊在 40.00 附近。跌破 20.00-40.00 的看跌区间将激活下行势头。