1. The Smart money is accumulating/cost averaging during the current fall.
2. The interest rate hike will only pressure the gold goes up.
3. 1206 -1216 is a good buy now.
4. The fundamental would not allow the break below 1206.
Watch the action of Gold now. Every sell off to 1206 region will bought up my smart Bulls.
According to COT report, the commercial decreases their short position into long. The reversal may rebound next week or the week after.