What Happens in Gold Trading after Head & Shoulders 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 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 and if xauusd trading price of the gold trading instrument falls below the support level which is the two lows between the three peaks then the Head and Shoulders pattern is considered confirmed and the xauusd trading price of the gold instrument changes to a bearish trend.