Gold today reversed up from the support area located between the support trendline of the long-term up channel from March and the 38.2% Fibonacci correction of the previous sharp upward impulse wave (1) from the start of June. Given the strong uptrend that can be seen on the daily Gold charts– Gold is likely to extend the gains in the active impulse waves 3 and (3) toward the next resistance level 2000.00 (top of the earlier upward impulse wave 1 from last month).