EMA cross over + Break of trendline and Stochastic heading down

30 thg 4, 2024

The 3 EMA and the 10 EMA have crossed over one another heading down while at the same time price action on XAUUSD is trying to break the bottom Trendline. Stochastic is also making its way past the 50% mark and is heading downwards.
Target a 0.5-1% down from the break of the trendline or from your entry point.