Buy on a level breakthrough of 1170 with 1187 target. Stop loss = 1160.
Reason for the trading strategy
Gold prices are adjusting upwards, winning back the weak June report on the US labor market. In April-May, the NFPR index was revised downwards by 60 thousand, while in June, the annual rate of increase in the average hourly wage in the United States declined from 2.3% to 2.0%. Thus, in Q2 2015, the growth dynamics in consumer spending of US households, which are the main contributors to the US GDP, will remain weak.