GOLD (XAUUSD) SAUCER or ROUNDING BOTTOM FORMATION
Here on this graph, i wanted to show a good example of a saucer bottom to you in a monthly graph of XAUUSD.
There are so much discussions about Gold's future, in my opinion Gold always had and will have a good future.
Saucer or Rounding Bottom
Generally saucer bottoms marks major turns.
Strength of the turn is about how long the saucer lasted.
On this graph saucer lasted about 8 years which makes it strong!
If you enjoy my graph, please make sure you like and follow me. Your feedback will always be appreciated. Share your opinions under comment. Discussion makes us stronger. Have a great day!
There are so much discussions about Gold's future, in my opinion Gold always had and will have a good future.
Saucer or Rounding Bottom
Generally saucer bottoms marks major turns.
Strength of the turn is about how long the saucer lasted.
On this graph saucer lasted about 8 years which makes it strong!
If you enjoy my graph, please make sure you like and follow me. Your feedback will always be appreciated. Share your opinions under comment. Discussion makes us stronger. Have a great day!