How Do You Interpret Head and Shoulders Chart Pattern Technical Analysis?

A Head & Shoulders pattern is a bearish trend reversal signal that signals the current upward xauusd price trend is about to reverse once the Head & 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 & third high which signals the upward trend is losing momentum & if the 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 trend.

Interpret Head and Shoulders Chart Patterns