XAUUSD Forms Classic Head & Shoulders Pattern: Wait for retestGoldOANDA:XAUUSDLunaTrendsXAUUSD had been climbing steadily, with buyers confidently driving the market to higher highs. But as the rally progressed, the momentum behind each advance started to weaken. The first meaningful pullback formed the left shoulder, hinting that buying pressure was no longer as dominant. Buyers managed one final push to a fresh high, creating the head, yet they couldn't sustain the breakout. That failure was the first clear sign that the uptrend was losing strength. The next recovery told an even more important story. Instead of reaching another high, price stalled early and formed the right shoulder, showing that sellers were becoming increasingly active while buyers struggled to regain control. The picture changed completely once the neckline gave way. That break suggests the balance has shifted in favor of sellers. If price retests the neckline and fails to reclaim it, the bearish move could accelerate toward 4,075.