Golden Cup and Handle? New ATH is coming?

A clear cup and handle pattern is forming on the monthly long-term gold chart. The confirmation of this pattern will be the overtaking of the recent ATH at $2075 and the targets of this scenario will be at $2775 and $3492 for the major cup and handle and 2367 and 2567 for the minor cup and handle pattern in case of confirmation (>2075).

In another scenario which is bearish breaking down of 1680 will confirm a double top pattern which projects the price to 1450 as the first support and 1160 as the next support of this scenario.