Gold recently reversed up from the support zone lying between the key support level 1850.00 (former strong resistance from January) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the end of January. The upward reversal from this support zone stopped the previous short-term impulse wave (iii) fromthe start of February. Given the strength of the aforementioned support zone, clear daily uptrend, Gold can be expected to rise further toward the next resistance level 1877.00 (previous multi-month high from November, which also stopped the price earlier this month).