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Reverse Head and Shoulders Chart Pattern

Reverse Head & Shoulders Chart Pattern Reversal Gold Signals

This is a downwards reversal head & shoulders chart pattern which forms after an extended XAUUSD downward xauusd trend. It resembles an upside-down head and shoulders trading pattern.

This reversal xauusd reversal strategy pattern is considered complete once gold price penetrates above neck-line, which is plotted by joining these 2 peaks between the reverse shoulders pattern.

This reversal xauusd reversal strategy pattern is confirmed once the gold price moves above the neckline

Summary:

  • This reversal xauusd reversal trading strategy pattern forms after an extended move downwards
  • This reversal xauusd reversal trading strategy pattern indicates that there will be a reversal in gold trading market
  • This reversal xauusd reversal strategy pattern resembles is upside-down, thus the name Reverse.
  • We buy when price breaks-out above the neck line point: see the chart below for explanation.

Downward XAUUSD Trend Reversal Trading Strategy - Reverse Head & Shoulders Chart Pattern

How Do You Identify a Trading Chart Reverse Head and Shoulders Trading Patterns in Trading?

Downward XAUUSD Trend Reversal Trading Strategy - Reverse Head & Shoulders Chart Pattern