Will Gold Continue Climbing?

Gold broke above the resistance level at 1.1185 and continued moving to the upside, until it eventually reached 1200, which is another very important resistance level, especially considering that it’s coinciding with the (MA)89 on the monthly filter chart. The question is, will Gold continue rising? Should it break above the resistance at 1120 the next target would be 1230, while the long-term target is at 1296. On the other hand, if Gold bounces off 1120 we can likely expect a further move to the downside towards the support at 1170.