Nuseii

How is anyone Bullish on Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
This is my first time ever making a chart on Gold (besides comparing it to other assets)

I'm confused how anyone can be Bullish on Gold. It looks to have peaked in 2011 and been on a steady decline since then.

Tools used:
Custom Fibs with Added Square Roots/Golden ratio multiplications
GANN from ATL(as far as i know per this chart)
Regression Tool(very new to using this, seemed appropriate)

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