Mild Correction in Gold Price, what's next?

[mneilson]

There was a mild correction in Gold prices when the commodity marked closed on Friday (4th.Dec 2009). Gold price has receded below $1200/ounce to $1161 due to heavy selling pressure by fund houses and retail customers sitting on huge profits. So what should be your next move in coming week? Whether selling would continue or just a buying opportunity to take fresh positions in Gold?