NG+ allows you to start over, keeping all of your items minus quest items and bell bearings, and the difficulty will be higher. Plus enemies are worth more runes. You start the game again with most of your equipment excluding certain items. Definitely new game plus. NG+ is my choice first for several reasons.
However, if you want to start a New Game Plus run, head to Roundtable Hold, rest at the Site of Grace, and you’ll see a new option to “Begin Journey 2.” Selecting this will take you into NG+
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how to start new game plus elden ring