Gold recently reversed up from the support area lying between the key support level 1760.00 (former resistance from March and April) and the 61.8% Fibonacci correction of the sharp upward price impulse from the end of March. The upward reversal from this support area stopped the previous impulse waves (iii) and (3). Given the still oversold daily Stochastic and the strengthened inflows into gold on the Delta variant spread across the globe – Gold can be expected to rise further toward the next resistance level 1795.00 (which stopped the previous wave (ii)).