With gold coiling at its highs amid an accelerating trend, we’re looking for a break of 1300. We can see on the daily chart that the structure is firmly bullish and its trend is accelerating to show an increase of underlying momentum. Moreover, prices are coiling below 1300 to suggests a burst of volatility could be near. With an increasingly strong bullish trend, the bias for a break above 1300 to target the 1309.37 and 1325.80 highs. However, if bearish momentum is to return below 1300, the 1276.71 makes a suitable counter-trend target. Even if it were to retest the 1265.96 high / 50% retracement level, the trend ... (full story)