Gold is struggling to break $1280ish level despite several attempts, however some buyers are still hoping gold to top up over $1280 so they can release some of the previous trades. Yellen's speech can bring few spikes in the market but gold can also return back to the old bear trend line below $1270 (which seems more likely). I personally will hedge any position i am holding here and will leave it for long term pattern to clear it off for me.