Elliottwaveforecasts
$GO ~ Completing wave 5 as shown...Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of March 1, 2022, it had approximately 410 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey. The company was founded in 1946 and is headquartered in Emeryville, California.
XAUUSD STAYS BELOW $1,850.On Thursday, XAUUSD prices fell for the second day in a row due to some follow-through USD purchasing.
The deteriorating global economic picture boosted the US dollar's standing as the world's reserve currency, undermining enthusiasm for dollar-denominated gold.
Technically the yellow metal was trending with 5 waves upwards within an ascending channel.
We expect a major correction (an A B C) downwards towards 1830 1850 area.
Bitcoin wave analysisShort setup
Primary: Wave 4, impulse (Down)
Intermediate: Wave C, expanding flat (Down)
Minor: Wave 4, ending contracting diagonal (Up)
Minute: Wave X, double zigzag (Down)
Minuette: Wave W, double zigzag (Down) -> Current trade
Subminuette: Wave y, double zigzag (Down) -> Current trade
Target: between 28.8 and 27.8
SL: 31.5
Good luck!