XAUUSD DEC 26 2016 D1 Chart

I think that the Gold should go up for a long term. WHY?
-RSI shows that this pair is oversold.
-MACD shows that we should see a reversal situation soon.
-We hit the 0 fib level.
-This pair should go up until the 0.5 fib level (strong resistance level) TP.