GOLD: Watch out for gold. Definitely at technical HIGH and significant OVERHEAD technical hurdles per $XAU (notice how WEEKLY and MONTHLY channels in $XAU charts are holding since 2009 and 2008 respectively - Technical Analysis is just beautiful.
Now, take a look at the MONTHLY $GOLD chart itself where I have laid down a PROJECTED Fibonacci grip. Per price patterns, all motions and consolidations have occurred at significant Fib levels.
Next? Extension of Fib at 161.8%, corresponding to about $1,302 - IMHO::