Gold Going To $7800?! This Is The Yearly Chart

I decided to take a look at Gold Spot (XAUUSD) in the long-term... This is the yearly (12M) chart.

All the details are on the chart.

We are looking at Gold at a value of $3043 this or next year... Based on TA.

I will leave the rest to your imagination but the Fibonacci numbers are telling that Gold can reach $7800 in a matter of just a few years...

Leave your comments below with the FA as to why this might or might not become true.

This is Alan Masters.

Namaste.