RRL Price Action, page-27

While I agree it is unlikely, and something closer to 1400-1500 would be more reasonable in the near future until waters calm. But gold prices are close to what they were In early 2011, which were about $US 1400 an ounce, before running up to almost $2000 an ounce in 7 months.
Times were not so different either, fears about weakness in the EU, fears about a relapse into recession, slow growing economies and large debts, US halting interest ratesrates too.
Well as far as I can tell debt is higher now, government and personal, the EU has just lost a member and the pound fell drastically, talks of recession are on the cards.

Here's an article from 2011 when gold was at $1900 does it not sound like today?
Although the USD it's much stronger now so perhaps the gold price is actually technically closet to 2011 $1900 already.

Anywho, check out the article, interesting read. The stock market can be predicted from history.
https://www.theguardian.com/business/2011/sep/06/gold-hits-new-high-financial-markets