Gold recently broke the resistance area located between the round resistance level 1800.00 (former monthly high from the middle of April) and the 61.8% Fibonacci correction of the preceding downward impulse wave from the end of January. The breakout of this resistance area accelerated the active impulse waves 3 and (3). Given the intensification of the risk-off sentient seen across the commodities market today – Gold can be expected to rise further toward the next resistance level 1855.00 (target price for the completion of the active impulse wave 3).