# Gold: Wait for correction to finish before buying

> Gold traders wait for a full correction to end before entering long positions on XAUUSD.
- Title: Gold: Wait for correction to finish before buying | Shortify
- Summary: Gold traders wait for a full correction to end before entering long positions on XAUUSD. Gold traders require a completed price correction to confirm entry…
- Keywords: gold, xauusd, elliott wave, correction, buying strategy, price target, business, finance, Wait, finish, buying, TradingView
- Source: TradingView — https://tradingview.com/chart/XAUUSD/kHHLrYwX-Gold-Waiting-for-the-correction-to-finish-before-buying
- Published: 2026-10-25T12:28:08+00:00
- Read time: 1 min
- Topics: gold, xauusd, elliott wave, correction, buying strategy, price target, business, finance
## Gold closed below support
Gold closed Friday at 3,995.81, below the 4,079, 4,096 support area discussed in my September idea.
## Current correction question
The current question is where the whole correction might finish, rather than whether the next small bounce is worth buying.
## Larger wave context
The advance from September 2022 low at 1,614.925 to January 2026's 5,602.225 high provides the broader context.
## Working count analysis
The working count treats this year's decline as a complex correction with another downward leg still possible.
## Main scenario: wait for completion
I would need a completed decline, a reversal and a successful retest before considering an entry near 3,757.
## Alternative scenario
If October 23's 3,975.65 low holds, the orange path allows an initial recovery toward 4,399.67.
## Key takeaway

Gold traders require a completed price correction to confirm entry points before buying.