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Why I'm looking to sell 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.
This trade idea sees O'Hare aiming to set shorts at current levels and on a rally back to $1,340/oz. The stop is a break back above $1,360. His targets are $1,295 and $1,281.
O'Hare’s technical analysis of a selected trade is featured every Thursday on Trading Floor.