The Cup & Handle formation is not that well-defined but it's shape is apparent. Based on my observations over the years, longer term technical patterns tend to trump shorter ones in that they're more reliable. According to the chart I posted on this forum July 11th (see attached pic), Gold's been trading between two distinct trading channels for the past few years. I do agree with Jesse's take that a break over $1275 is very bullish but based on a different and longer duration trading pattern / trendline(s). According to this chart a break above $1275 sends the POG back into the set of green parallels with a price objective of about $1525 ($1521 is a Sinclair angel) versus a price objective of about $1450 (versus Sinclair $1444 angel) based on the C&H pattern. Another advantage of examining the charts from my viewpoint, is that the PO of $1525 increases the longer the Cartel delays by $25-30 a month, bringing the POG squarely into Sinclair's $1650 Jan target timeframe.