Gold: Highs are solid and risk of surprises only

Gold is in a good position. The risk remains on the downside of the bullish dollar if it occurs.
Of course, Trump surprises remain the most dangerous to the whole market. The impact on gold negatively affected by the possibility of positive impact on the dollar or in terms of activation of the appetite for risk and the tendency of investors to dispense with the yellow metal.

The medium-term trend towards the 1300 is present and logical. Luck exceeded the 1225 large and 1250 the next stop and then the 1275.
There is an important defense on the 1200 and it is solid. Measured allowed but not broken. In this case back to the 1175 be open ...

Resistors: 1.225 + 1.233 + 1.250

Defenses: 1.199 + 1.175 + 1.161