Gold 1980-2007

How come gold had stalled in front of the old 1980 high for the last 27 months after shooting up from 270? the same hyper scenario happened 27 years ago..
are savvy long term goldbugs waiting for another "27x27x270 dollar" fix cycle for the yellow metal?
Gold giving up half of it's year range after another failure to take out 700 must regain weekly 660 fast or risk dropping below 615 & the year lows.. with 1/2 year now gone, the onus is on momentum goldies to extend the yearly range above the 27 year highs or risk a range ratchet below 600 to regroup for another shot at 1000..

27 year Gold, click to enlarge