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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.
NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING
01:57 minutes
Tags: buying gold, home.saxo, saxotrader, saxotradergo, steve ohare first 4 trading, tradingfloor.com