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Sell Location For XAU/USD

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Going into next week’s trade, there will be a key resistance area in view for the XAU/USD:

Weekly 38% Retracement, 1867.25
Weekly EMA, 1870.62

Here's the trade:

1) Sell 1866.75
2) Initial Stop Loss, 1872.50
3) Profit Target, 5.75 @ 1:1 risk vs reward ratio

This market is in rotation. Selling the upper end of the four-week range w/resistance levels isn't a bad trade.

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