Gold tries to break an important support

On the weekly chart of gold we can see that the commodity has falling from the double top pattern at the 1365 level and tries to break below the 200 week EMA, blue line, at the 1273 level. In case of continuing dropping, the price of gold may reach the low at the 1236 level, which could act as support. Below the 1236 level, its next support level could be the 1200 zone. The red bullish trendline has acted as a good support, therefore the price of gold may pull back to the upside. In case of a bullish pullback, the 55 week EMA, just below the 1300 level could act as resistance. Above the 1300 level, the next resistance levels could be the 1326 level, but the double top at the 1365 level could act as a better resistance.