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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