How to Read Head and Shoulders Chart Pattern

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

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

How to Read Head and Shoulders Chart Pattern - Read Head and Shoulders Chart Patterns