Gold Futures Chart (GC)

Current events in Cyprus could be the catalyst for the next major up-leg in Gold price, but it would need a sustained break above key level to trigger the next leg up to go to at least $1800.  

However, it would need a clear break above $1800 to cause a panic short-covering rally.

Key Point-of-Control Level is $1640

First Resistance = $1800

First Support = $1540-$1560

April Gold Futures Chart

S&P 500 Topping Pattern

S&P 500 Elliott Wave Pattern