In the long term, gold should start a multi-year upward move towards 1450-1500 during these years the sentiment will shift from to and analysts will call for new all times highs ($2500, $5000 and $10,000).
After reaching my target, gold will go in another multi-year bear market towards new lows $700s area which represents the area in which a smaller degree 4th wave ended (2008 lows) and the end of the first wave of the grand supercycle.
At that point in time, investors will dump gold and most people will be gold , all goldbugs would turn ; which will represent the beginning of the fifth grand supercycle wave to new all time highs.
In , the fifth wave usually is the strongest.
P.S: I am not a fortune teller, I just use the given variables and present the most probable outcome using Cycles, Analysis, the Dow-theory, Social trends and fractals.