Trade Gold Trading

What Happens in Gold after a Reverse Head & Shoulders Pattern?

A Reverse or Inverse Head and Shoulders pattern signals a bullish trend reversal, indicating that a downward market trend will likely reverse upon pattern confirmation.

The Inverse Head & Shoulders chart pattern is a pattern with three consecutive lows where second low is slightly lower than the first & third low which signals the downward gold trend is losing momentum and if price of the gold instrument rises above the resistance area which is the two highs between the 3 lows then the Inverse Head & Shoulders pattern is considered confirmed & the price of the gold instrument changes into a bullish trend.

More Guides & Topics:

Gold Broker