When the price of gold broke through the accumulation zone, I made an impulsive decision to enter a short position. To manage the trade, I set my stop-loss order above the accumulation zone to limit potential losses.
It's essential to note that short positions should be approached with caution due to the prevailing strong uptrend in the market. Since this trade goes against the trend (a counter trend), it's prudent to secure profits by taking partial profits at multiple points along the way.
By implementing this strategy, I aim to mitigate risks and capitalize on potential opportunities presented by short-term market movements.