omidtrader1367

omidtrader1367

its time to buy gold to catch wave c upward from abc in bigger WXY correction...after that wave Y downtrend will start

omidtrader1367

first of all i think wave W of big 4 has ended already...and now we r in wave X which consist of a 3 structure wave (abc)...in this wave of gold, i think that wave a of X already done too at 2722.50 (between 61-78% fibo of last wave----i mean wave W)...so now we r in wave b of this wave...wave b must be a 3 structure wave and till now i suppose that wave a of it...

omidtrader1367

gold sell zone has reached now...i think we can see c clear 5 wave structure up which is wave a for me (in abc wave)...after this wave, wave b will goes down to 61-78 fibo last wave up and after that wave c up to 78%wave W down...

omidtrader1367

in my idea gold has ended wave 3 up and now its the time for a little correction...it may goes down to 38% fibonacci level in last wave up!!!we can sell it now to get some downtrend movement or we can wait for it to reach our level for buying gold again...but it goes not that far high if u think it will break ATH....no way...its a correction and it must come down...

omidtrader1367

i think wave X of bigger IV has ended around 2534 and its wave X has started already too...we r in wave x and it will continue until atleast to 50-61-78 % fibo last wave down (W)...so we should wait and watch market until it reach our sell area wich is atleast 2693 to 2735 prices...but it can make a running WXY wave form too...so if its break the last ATH ,it...

omidtrader1367

i think wave W of the gold correction wxy wave has almost ended here...i will buy gold two steps 2690----2680 wid TP 250 pips and SL 150 pip...trade safe wid sl and money managemnet

omidtrader1367 Updated 

wave 5 of bigger 5 has ended around 2790 almost and big wave 4 started...we must sell gold at correction..time to short gold at the end of wave 4 to catch wave 5 down..target will be lower than 2730

omidtrader1367 Updated 

so gold made a new ATH again like the every day before and we had to recount the elliot wave again...so i think we r now in wave 4 and we should buy it at the end of wave c of iv to catch wave 5 up trend...it must be gold last wave up...

omidtrader1367 Updated 

in my idea wave W and X has been completed already and we r now wave Y down which its 1 wave also done by now...we r in wave 2 up until 61-78 % last wave 1 down of Y...so we will sell GOLD to catch another fall...good luck and u se SL

omidtrader1367 Updated 

gold wave 4 has started already (may be a WXY running wave) and its W wave done almost..now we r in wave X up which can continue to 61%last wave down...after that another drop to from wave Y and finally buy gold for the lasttttt time at 2709----2700 area prices to catch the last wave 5 of 5 of the bigger and last 5 wave up ma y be to 2800-2900 prices...GOLD BIG...

omidtrader1367

i think gold has finished its wave W and its in wave X now...wave a of it has done already and we r now in wave b up...this wave could goes up to 78--127% last wave down...means we can sell it at 2747---2757 at two steps...even we can sell it at 2767 if this wave continue to 127% means 2767...so we can sell at three steps...good luck guys

omidtrader1367

so after i got a sell pos at 2732 on gold, its drop finally started at 2741...i think wave W of its WXY 4 has done already and its wave X started to goes up until 2733 in maximum way...i will put some sell pos at that price...after that wave x been completed and wave Y also done its self,i will buy gold at 2700-----2690 area to catch last wave 5 of 5 of final big...

omidtrader1367

in my idea gold is forming its wave 3 of bigger 5 up...we can sell it here and we can wait for it to do its correction and start its wave 5 of 5 up to BUY it...gold can rise up to 2750-2820 in these waves...but after that i expect a big crash for GOLD to 2000-2200...cheers guys

omidtrader1367

its been clarify in picture that we should sell and buy gold at which prices to get some profit from this beautiful market...i love gold market its very nice

omidtrader1367

i think wave 1 of 5 of bigger 5 upward has ended at 2683 and now its time to sell it until 2635---2645---2655

omidtrader1367 Updated 

its seems to me that gold is forming its last wave 5 up in bigger wave 1 upward...so if we want to take some profit from this rally,we should enter long position in the mentioned area

omidtrader1367

in 4H ad 1H time frame gold has another high ATH...i think wave 5 of bigger 5 still is on its way...we r in wave 4 corrective down and may continue to 2603.50 or more and less...but we will have another ATH...look at those time frames i mentioned above!!!

omidtrader1367 Updated 

i think XAUUSD has already completed its corrective wave WXY (although it may continue to 2612.00 price) and i have entered in in my first step buy position...i would enter other buy position at 2612-2602...only if price reach them!!!