Gold - Massive flag on the making

Gold is drawing a massive Flag, that could see it go all the way to 1500. After it went to 2050 and gat rejected two times in the recent years, the D point retraced to 1950, the 78.6% fib level, which isn't uncommun for gold as it likes to retrace deep. The 1500 level drawn on the chart is also the 50-61.8% Fib level of the uptrend that made up the flagpole. Looks like in the textbooks init? what you guys think??