Gold recently reversed up from the support zone lying between the support level 1850.00 (low of the previous daily Hammer from the middle of November, strengthened by the 38.2% Fibonacci correction of the upward impulse from the start of this month. The upward reversal from this support zone continues the active minor impulse waves (iii), 3 and (3) from the start of August. Given the heightened demand for gold on safe-haven inflows, Gold can be expected to rise further toward the next resistance level 1880.00 (which stopped the earlier impulse wave (i) earlier this month).