What Happens in XAUUSD after Head & Shoulders Chart Pattern in XAUUSD?

A Head and Shoulders pattern is a bearish trend reversal signal which signals the current upwards 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 peaks where the second peak is slightly higher than the first and third peak which signals the upward trend is losing momentum & if price of the xauusd instrument falls below the support level which is the two lows between the three peaks then the Head & Shoulders chart pattern is considered confirmed & the price of the xauusd instrument changes into a bearish trend.