How to Analyze Upward XAUUSD Trend Reversal XAUUSD Signal

How to Read Upward XAUUSD Trend Reversal XAUUSD Signal

Head and Shoulders Trading Pattern Reversal XAUUSD Signals

This is an upwards xauusd trend reversal trading pattern which forms after an extended XAUUSD upwards trend. It's made up of 3 consecutive peaks, the left shoulder, head & the right shoulder with two moderate troughs between the shoulders.

This Head & shoulders reversal xauusd strategy pattern is considered complete once price penetrates and moves below the neck line, which is drawn by joining the two troughs between the shoulders setup.

This reversal xauusd signal is confirmed once price moves below the neckline

Summary:

• This Head & shoulders reversal xauusd strategy pattern forms after an extended move upwards
• This reversal xauusd strategy pattern indicates that there will be a reversal in market
• This reversal xauusd strategy pattern resembles head with shoulders thus its name.
• To draw the neckline we use chart point 1 and chart point 2 as shown below. We also extend this line in both directions.
• We sell when price breaks out below the neckline: as is described below:

Head & shoulders reversal xauusd strategy pattern can also form on a slanting neckline, like the example shown below:

Upward Gold Trend Reversal Strategy - Head and shoulders Pattern

Upward XAUUSD Trend Reversal Strategy - Head & shoulders Chart Pattern

This Head & shoulders reversal xauusd strategy pattern can also be formed on a slanting neckline, like the one above, the neck-line doesn't have to be necessarily horizontal.

How Do I Analyze Upwards XAUUSD Trend Reversal XAUUSD Signal