Go Gold Go (Video)
Go Gold Go Video by The Morgan Report
Once again gold bears tried to force the yellow metal down, and it appears they have failed. Going into the Fed testimony, gold was under pressure and looked like it might violate support, clearing the way for a breakdown. Surprise – gold held and rallied hard.
Since this latest rally in gold started, every time the sellers showed up, buyers defended their positions and overpowered the shorts.