How is anyone Bullish on Gold

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)