Gold goes back up

Gold closes January to the upside and climbs above the 1200 level once again, as we can see on the daily chart. If it continues rising, then it is possible for it to go and visit its 200 day EMA, blue line, around the 1232 level. Above the 200 day EMA, its next resistance continues being the 1300 level. Below the 1200 level, it is possible for gold to consolidate, but the levels that could act as support are, the 1160 level, the 1145, or the low at the 1122 level. For now, gold could keep benefiting from the fall in the Dollar and the rise in risk aversion which has been exacerbated by the recent actions of the new president of the United States.