Gold is trading higher again today, recording the fifth consecutive green candle, as the low-liquidity festive period appears to be fueling demand for the precious metal. Gold is currently around 6% higher than the December 13 trough as it managed to surpass the 2,075 level and has returned above the October 6, 2023 trendline, after spending almost 20 days below it. In the meantime, the momentum indicators are endorsing the current move higher. The RSI is rising towards its November highs, signaling an increasing bullish tendency in the market. Similarly, the Average Directional Movement Index (ADX) has made a higher ... (full story)