Hi Trout. Well Gold has been a disappointment for some time now. And with all the chaos in the financial world it is not a good sign to see it underperform so many other markets. Even a break above 1700 would see next resistance at 1750 and then 1800. Not a lot to get excited about. And the seasonal trend is bullish into Feb which hasn't helped other than keeping it from crashing. With what was going on I would have expected a lot more on the upside. China just allowed its people to buy Gold ETFs as well and even that didn't help Gold. But clearing 1700 would be bullish for a rally of some sort. From here on seasonal trends show a wide sideways choppy trend into a summer low historically. But the price is what will determine what's next I guess. Seeing is believing but fwiw I would not be surprised to see a breakdown rather than a breakout. The Gold stock ETF:GDX is very oversold and due for at least a bounce soon but I wouldn't want to be an early bird on that either.
As far as March Corn goes price did breakout over the downtrendline and price resistance of 736. Price is now consolidating in a tight range and holding the breakout which is very bullish. Much like March Crude did when it cleared $95. Always bullish to see. No guarantee it will hold of course but it is bullish and one of the things that has a solid track record. Each day it stays above 736 the more likely it will rally once again. Next resistance is the top of the channel at 766. Would not take much to clear 766 either. Then if cleared the old high of 838. Seasonals are way out of whack with the summer rally so don't seem to mean much now.