Gold, Oil & Indices (Equity & Bond Indices)

http://www.zerohedge.com/news/2013-02-06/china-lies-says-eaton-ceo-economy-grew-only-3-4-2012

so we short? AL said gold day chart may break downside.

http://www.youtube.com/watch?v=Tw5LaEzEcJw

GC, from the 17th Jan high gold was capped by the 55 DMA for 4 days and then moved down to test the old trend resistance drawn from the 26th Nov high. This level also coincided with 100 WMA support. For 2 days that potential support level held within $3 to $4. I think we might have seen a W.2 down, the W.1 up being the move up from the ABC low at 1626. If true we have now started a W.3 up, confirmation would be a break above the 1698 high.

I do still favour my ABC corrective pattern from the 1798 high which I first alerted about the 13th Dec. It completed in almost perfect symmetry coinciding with a 61.8% fib level and the 100 WMA. This pattern would be invalidated if price were to move south below the 1626 W.C low made on the 4th Jan.

Crude been very well disciplined climbing up the trend support line drawn from 11th dec low