Gold is having problems with the 1163 level

On the daily chart of gold we can see that the precious metal has had a good bearish trend during the last months, but lately it has been trying to retrace to the upside. However, the bullish pullback seems to be running out of steam and it has stalled at the 1163 level where it has formed a double top. If the double top is confirmed, then gold could go back to is latest low around the 1122 level. The 1122 level could act as a support one more time, but if it breaks it to the downside, then the price may try to reach the 1100 level. To the upside, if it breaks above the 1163 level, the price could visit the zone around its 55 day EMA, purple line, which is very close to the 1200 round number level. On the 1200 level, gold could find some resistance.