In this impromptu move, I took a short position on gold, spurred by my morning analysis where I identified the 2285-2288 zone as a key area of interest. Marking these zones allowed me to act swiftly when the candle breached the zone with notable volume, signaling a potential opportunity.
Executing the short position, I remained cautious yet decisive, recognizing the counter-trend nature of the trade. Despite the inherent risks, I managed to secure a gain of 70 pips. However, I opted to leave a portion of the trade open, with a target profit set around 150 pips.
Throughout the process, I prioritized trade management and adhered to strict risk management principles. By exercising prudence and seizing the moment, I navigated the market dynamics effectively, ensuring a calculated approach to trading.