Gold should eventually go up to the top (gold line) which should take it up into the $5000 area. This does not bode well for the debt structures of government, as Martin Armstrong has argued, it is a loss in confidence of government that will cause gold to surge. Whether gold goes down to the red line (1980 high) before its 5th wave rally is uncertain at this point, but I do have some trends for gold and gold stocks to form major lows in late 2015 which is the peak of Armstrong pi cycle economic confidence model. As one of my other charts on here shows, there should be a rally into this summer though.