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Kitco gold is good site to check future predictions re gold. At present there is more likehood of a rise next week to $1400 than a nasty fall to a resistance base of $1300. Upward pressure may come from European debt woes.
My position is to go with low debt, low cost per ounce, up and coming Australian gold miners who can withstand a $1300 price and benifit from a resultant lower $A which is tied to Gold, and coal mining which in Queensland has taken a hammering from floods.
I have sold my NCM shares but still watch for a bargain price of around $34.