What Happens in XAUUSD Trading after Head and Shoulders Chart Pattern in XAUUSD?

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