How Do You Draw Head and Shoulders Chart Pattern?

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

The Head & Shoulders chart pattern is a pattern with three consecutive highs where the second high is slightly higher than the first and third high which is interpreted that the upwards gold trend is losing momentum and if xauusd price of gold falls below the support level which is the two lows between the 3 highs then the Head and Shoulders chart pattern is considered to be confirmed & the xauusd price of gold changes to a bearish xauusd trend.

Interpret Head and Shoulders Chart Patterns