Gold recently broke above the round resistance level 1800.00 (which was set as the likely upward target in our previous forecast for this instrument). The breakout of the resistance level 1800.00 continues the active minor impulse wave 3 – which belongs to the multi-month upward impulse sequence (C) from March. Given the clear daily uptrend – Gold is likely to rise further toward the next resistance level 1850.00 (target price for the completion of the active impulse wave 3). Strong support remains at the support level of 1800.00.