Directly when you look to Gold chart, definitely you will find a very strong bullish wave which keep on advancing to reach more up levels. 

A long run been crossed by Gold from the support level 251 in year 2001, to reach the highest high resistance level of 1922 during the year of 2011, and what is happening now, is just a normal correction toward 1521, where after the bullish trend might continue. 

In year 2003, gold manage to pass the resistance level of 423, to reach in year 2006, the resistance level 700, pushing more up in 2007, reaching the psycho resistance level 1000, where the market did correct, diving toward support level 677 and for the bullish trend to continue, reaching in the year of 2011 the highest high level of 1922.76 , the correction which was on, during all the year of 2012, was like a rest for more up wave to follow, same as what happened next to the level of 1000 in the pas, "history repeating it self", and gold might dive in the next weeks to come, toward 1521 support, for after to start flying "according to an increasing demand on gold", and might retest 1922,76 level, and try to push more up for the first time toward psycho resistance level 2000, and we might watch this happening in 2013. 

"Risk management is your only strategy to protect your self from gold dives" 

Japanese overall household spending data came below expectations as December figures for price-adjusted spending for households of two or more people fell 0.7% from 0.2% a year earlier. Analysts had expected a 0.2% drop.

Unemployment rate in Japan rose in December last year hurt by an economic performance that is shaky due to overwhelming challenges facing the new government, which seeks to spur economy and end two years of deflation.

Jobless rate reading for December, 2012 came in at a seasonally adjusted 4.2%, a nudge higher than the previous and economists` expectations of 4.1%.

The job-to-applicant ratio was up 0.82 in December compared with previous and market estimates of 0.80.

Japan`s government is required to demonstrate swift, more effective measures over the period ahead to spur the nation’s labor sector and curb hikes in unemployment.

Credit Agricole SA is set to announce that its fourth quarter profits would be beaten on the heels of a reduction in the amount of goodwill on the bank`s books.

France’s third-largest bank by market value is planning a 2.65 billion-euro in goodwill writedown in the wake of deteriorating economies conditions over the sovereign debt crises, forcing the European Securities and Markets Authority to apply restrict rules on the banks after reviewing 800 billion euro of goodwill assets in almost 235 companies in 23 countries across Europe.

“These measures do not involve any cash outflows and do not affect the strength of the group,” Montrouge-based bank said on Friday. “They also reflect the present macro-economic and financial environment in the relevant countries and business lines”.

Goodwill is an accounting convention that represents the amount paid for an acquisition over and above the fair value of its net assets. Goodwill writedown does not impair capital, but it only reduces profit and indicates that the company overpaid for its net assets.

European banks may have to write down some of the $270 billion of goodwill, UniCredit SpA, Italy’s biggest lender opted to book around 8.7 billion euro on goodwill writedowns, while other European banks are yet to follow. With the most the goodwill remaining on the their balance sheets, Banco Santander SA and Intesa Sanpaolo SA were on the list of banks.

Deutsche Bank AG, Germany’s largest bank, booked on Thursday 1.9 billion euro of writedowns on goodwill and other intangible assets. Credit Agricole had 16.9 billion euro of goodwill on its balance sheet by the end of September 2012.