Gold - Cup and Handle - Comment your opinion

Hello TV, have you seen this epic cup and handle on gold? What's your view on it?

Assuming it is a C&H, I think we have two scenarios.

1 - down to 1578, then break up
2 - 1680 bottom's already in, then break up

Assuming it isn't a C&H, I think we have one scenario.

1 - down to the depths of hell.

PLEASE COMMENT THOUGHTS/ OPINION/ DISCUSSION IN COMMENTS