From the Elliott wave analysis point of view, on the hourly chart of XAUUSD, the price is starting the 3rd Elliott wave of a bullish cycle. Thus, I would recommend buying the instrument after the price correction to the latest fractal level.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.