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Gold could hit $1,200/oz: O'Hare

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Steve O'Hare of First4Trading.net discusses in a technical chart analysis why he is short gold.

O'Hare is looking to sell at current levels with a stop at $1,285/oz. His targets are $1,210/oz, $1,200/oz and $1,175/oz.

O'Hare features technical analysis of a selected trade every Thursday on Trading Floor.