Gold recently reversed up from the pivotal support level 1790.50 (former top of the daily reversal pattern Bearish Engulfing from the end of June and the bottom of the previous correction (a) from the middle of July). Given the strength of the uptrend that can be seen on the daily charts – Gold is likely extend the gains toward the next resistance level 1817.00 (which reversed the previous waves (iii) and (b), as can be seen below) – the breakout of which can lead to further gains toward 1850.00.