Gold reaches its 200 week EMA

Today gold accelerates its bullish momentum above the 1200 level as shown on the daily chart and reaches the 200 week exponential moving average, around the 1257 level. On that zone price tries to stall and bounce to the downside. On the daily chart to the left of the image we can see in better detail the bounce from the 200 Week EMA and how the 1232 area could become support. But we must be attentive to a possible visit of the 1200 level, because that level has a higher probability of becoming support.