Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading gold.

O'Hare is long at $1,212/oz and adding on a break of $1,220/oz. His stop is on a break below $1,180/oz and his the targets are $1,236, $1,248 & $1,278.

O'Hare features technical analysis of a selected trade every Thursday on Trading Floor.