It could be the 7 volt but it could be something else.
Place your bike on the centerstand and run it till warm. Then slowly turn the handlebars each way and see if the needle change is because of that.
My brothers bike had a similar problem and every time the bars were turned to the right the gauge pegged and to the left it went back to normal. In the middle if coming back from the right it stayed peg. Using my test light I found that when I had the clamp on the key and light on the headlight bucket it went back to normal. Took it off and it pegged out again.
So look at your wires and grounds.
Place your bike on the centerstand and run it till warm. Then slowly turn the handlebars each way and see if the needle change is because of that.
My brothers bike had a similar problem and every time the bars were turned to the right the gauge pegged and to the left it went back to normal. In the middle if coming back from the right it stayed peg. Using my test light I found that when I had the clamp on the key and light on the headlight bucket it went back to normal. Took it off and it pegged out again.
So look at your wires and grounds.