XAUUSD Will it break the historical high?

If we take a look in the monthly time frame, we can see a very bullish price action. We have an impulse correction pattern which can lead the price ti create a higher high. Also, if we take the fibonacci from low to high the price has clearly respect the .618 of the fibonacci level.

Everything look bullish but to break the historical high the technical analysis is not enough. The fundamentals will be crucial for this to happen.