Is there a possible resistance on gold?

The light pullback that we are seeing on the Dollar lately has favored the price of gold due to the negative correlation that there is between those two trading instruments. Gold was in a channel since the beginning of the year, stuck between the 1300 zone as support and the 1365 as resistance. Even though the range is relatively wide, the price respected those levels pretty good until it broke to the downside. Las week the price of gold manages to break below the 200 day EMA (blue line) and the 1300 level to reach a low at the 1281 level. From the 1281 level the price consolidates and goes back to the 1300 zone. The 1300 level may now act as resistance, since it was support in the past. The 200 day EMA may also act as resistance. In case of a bearish breakdown below the 1281 level, the 1273 level may act as a good support, due to the fact that exactly at that level we can find the 200 week EMA. Above the 200 day EMA, the price of gold would enter a congestion area where it may consolidate again.