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© 2015. The American Astronomical Society. All rights reserved. We present the analysis of the radio jet evolution of the radio galaxy 3C 120 during a period of prolonged γ-ray activity detected by the Fermi satellite between 2012 December and 2014 October. We find a clear connection between the γ-ray and radio emission, such that every period of γ-ray activity is accompanied by the flaring of the millimeter very long baseline interferometry (VLBI) core and subsequent ejection of a new superluminal component. However, not all ejections of components are associated with γ-ray events detectable by Fermi. Clear γ-ray detections are obtained only when components are moving in a direction closer to our line of sight. This suggests that the observed γ-ray emission depends not only on the interaction of moving components with the millimeter VLBI core, but also on their orientation with respect to the observer. Timing of the γ-ray detections and ejection of superluminal components locate the γ-ray production to within ∼0.13 pc from the millimeter VLBI core, which was previously estimated to lie about 0.24 pc from the central black hole. This corresponds to about twice the estimated extension of the broad line region, limiting the external photon field and therefore suggesting synchrotron self Compton as the most probable mechanism for the production of the γ-ray emission. Alternatively, the interaction of components with the jet sheath can provide the necessary photon field to produced the observed γ-rays by Compton scattering. ; his research has been supported by the Spanish Ministry of Science and Innovation grants AYA2010-14844, and AYA2013-40825 P, and by the Regional Government of Andalucia (Spain) grant P09-FQM-4784. This research was partly supported by the Russian Foundation for Basic Research grant 13-02-12103 and by the Academy of Finland project 274477. ; Peer Reviewed