Gold recently reversed up sharply with the daily Hammer from the support area located between the major support 1680.00 (which reversed the previous waves 5 and B in March) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term correction (iv). Given the strength of the aforementioned support area – Gold can be expected to rise further toward the next resistance level 1800.00 (former multi-candle support from July which is the target price for the completion of the active short-term correction (iv)).