How to Analyze Head and Shoulders Trading Pattern

A Head & Shoulders pattern is a bearish xauusd trend reversal trading signal which trading signals the current upwards xauusd market trend is about to reverse once the Head & Shoulders chart pattern is confirmed.

The Head & Shoulders chart pattern is a pattern with three consecutive highs where the second high is slightly higher than the first and third high which is interpreted that the upwards xauusd trend is losing momentum & if gold price of the xauusd falls below the support level which is the 2 lows between the 3 highs then the Head and Shoulders pattern is considered to be confirmed & the gold price of the xauusd changes to a bearish xauusd trend.

Interpret Head & Shoulders Chart Pattern