Gold recently broke the resistance area lying between the key resistance level 1820.00 (which has been reversing the price from the end of February) and the 38.2% Fibonacci correction of the downward impulse from the middle of June. The breakout of this this resistance area accelerated the active impulse wave (c), which belongs to the ABC correction 2 from the end of June. Given the prevailing uptrend and worries about the inflation in USA – Gold can be expected to rise further toward the next resistance level 1845.00 (target for the completion of the active ABC correction 2).