{video} Gold is trading higher today as the bulls are trying to recover part of the significant losses incurred during the nine consecutive red candles that pushed gold from the mid-1,900s down to 1,800. The bulls’ ability to continue this upleg is critical for the short-term outlook of gold. In the meantime, the momentum indicators are not yet fully endorsing the current move higher. The RSI is rising towards its midpoint again, confirming the weaker bearish tendency in the market. Similarly, the Average Directional Movement Index (ADX) has probably peaked and is edging lower; an indication that the recent downleg ... (full story)