I am not sure that too much can be read into the price action at the moment.
Gold is range bound between 1620-1680, and I can't see what will change that immediately. I have some bets placed for a break on the upside, but I think I will have to be patient.
Equities are drifting off. I think that the US market is taking a break. The talk about Spain and weak US employment data will be quickly forgotten when the correction has run it's course. (Collectively, equity traders can have very short attention spans!)