The gold, the cup & the handle

Honestly, I'm not bullish at all on Gold and you should look at my previous idea I posted earlier today if you wanna look at the bearish scenario. Yet I think it's important to consider both options.


The cup is clean and we've already started forming the handle; I'm not sure if we broke out of it and we're testing it right now or if it is in a larger downtrend.

The 50% fib level will be the invalidation level to the whole pattern.

I will be watching the chart closely...