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

O'Hare is looking to sell at current levels $1,278/oz, and add on a rally to $1,295/oz. His stop is on a break above $1,316/oz and his targets are $1,267/oz and $1,250/oz.

O'Hare’s technical analysis of a selected trade is featured every Thursday on TradingFloor.

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