Growth is possible.
On the daily chart, a downward correction ended as the fourth wave of the higher level (4), within which the wave C of (4) formed as a momentum. Now, the development of the fifth wave (5) has started, within which the first entry wave of the lower level 1 of (5) is developing. If the assumption is correct, the XAU/USD pair will grow to the area of 1808.08–1881.56. In this scenario, critical stop loss level is 1615.79.