The price of gold rallied from a low of 1122.51 in December to a higher of 1263.74 in February. This rally could be coming to an end. Gold (XAU/USD) Daily Chart (click to enlarge)Broken Trendline:- The daily chart above shows that price action started clearing a rising trendline.- There could be some volatility if price falls to 1215 and the 1200. It probably will take a break below 1200 to convince the market of a bearish reversal.- Another thing that could convince the market that Gold is at least not bullish anymore is resistance around 1245. - A combination of resistance at 1245 and a break below 1215 would be a price top and should open up the 1180 pivot area, and even the lows around 1125 from December. The case for the bearish outlook is simply a return to a previous trend in 2016, which has been bearish. If we look at the daily chart, we still see the market making lower major highs and lower major lows. Therefore, the rally since December might have been simply a bullish correction within a larger bearish trend.