Gold recently reversed up from the support area lying between the pivotal support level 1450.00 (former monthly high from July), lower daily Bollinger Band and the 38.2% Fibonacci retracement of the previous extended upward impulse from May. Given the clear daily uptrend – Gold is likely to remain under bullish pressure and to rise toward the next key resistance level 1480.00 (former strong support from October and the forecast price for the completion of the active correction (iv)).