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

He is aiming to buy gold at current levels and on a dip to $1,260/oz. The stop is $1,240/oz and his targets are $1,305/oz, $1,350/oz and $1,450/oz.

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

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