gorkemaydogan

GOLD (XAUUSD) SAUCER or ROUNDING BOTTOM FORMATION

Long
FX_IDC:XAUUSD   Or / Dollar Américain
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!

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