A lot of hype is going on, and if you have a good trading plan you may profit from it provided you adjust your trade when it goes against your directional bias. Many longs specially those who picked up from July highs are feeling the pain last few weeks, nothing is wrong to cut your losses early unless you are long term investor. The rebound is not over but weakened buyers and sellers are very much balanced in short term view analysis. We see an opportunity to initiate a long position here even if Yellen's highly anticipated speech turns to be a negative to the gold which I doubt. A lot of geopolitics risk seems being ignored but as time goes it will reflect soon. We picked a long position early today. Stay tuned and if u like follow us more to come.
