GOLD and NASDAQ 100 Intraday: Elliott Wave Analysis

By: Gregor Horvat | Thu, Oct 23, 2014
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Nice reversal so far from 1255 where we called end of a five wave rally in wave (c). For now a decline from the top is not in five waves yet, but is looking promising so far. However, for further weakness we want to see a daily close price today beneath 1231 that would open door for 1219 and even 1200. For now, short-term invalidation level is at 1244.

GOLD 1h Elliott Wave Analysis

GOLD 1-Hour Elliott Wave Analysis Chart

NASDAQ100 is higher in pre-market now already at the highs after recent fourth wave pullback as highlighted yesterday. Price could rally to 4000-4020 in the near future, but then keep an eye on new retracement of wave four but of a higher degree.

NASDAQ 100 1h Elliott Wave Analysis

NASDAQ 100 1-Hour Elliott Wave Analysis Chart


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website:

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