Buy on a level breakthrough of 1300 with 1315 target. Stop loss = 1290.
Reason for the trading strategy
International financial institutions express concerns about the growth of corporate and government debt in the world's largest economies - the US, China and Japan. Interest rates are pegged at a record low level - resulting in a very small cost of servicing the debt. In May, Republican presidential candidate Donald Trump announced that the US debt may become unaffordable for the economy if the interest rates rise. In the future, short-term capital inflows to the US will be changed by a development of negative processes in the economy and a falling dollar. Such perspectives create the preconditions for growth of gold prices in the medium term (although, in the short term, tightening of interest rate policy in the US will lead to their reduction).