How to Trade Head & Shoulders Chart Pattern Signal

A Head & Shoulders pattern is a bearish trend reversal trading signal which trading signals the current upwards xauusd 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 second high is slightly higher than the first & third high which signals the upward trend is losing momentum & if the 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 trend.

XAUUSD Trade Head & Shoulders Chart Pattern Signal