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Why I'm looking to buy gold: O'Hare

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

O'Hare is buying XAUUSD on a dip to $1,250/oz. He has a stop at $1,220 and his targets are $1,300, $1,320, $1,350 and $1,375.

Steve O'Hare explains the background to a selected trade every week on Trading Floor.