Gold rises further to as high as 1878.84 so far today. The break of 1877.05 resistance indicates resumption of whole rally from 1682.60. Further rally will be expected as long as 1850.63 support holds. 1916.30 resistance is the next target and break there will pave the way to 100% projection of 1682.60 to 1877.05 from 1752.12 at 1946.57.
More importantly, sustained break of 1946.57 will affirm the case that whole medium term correction from 2074.84 has completed at 1682.60, after hitting 38.2% retracement of 1046.27 to 2074.84. That is, retest of 2074.84 should be seen next with prospect of resuming the long term up trend at a later stage.
