GOLD Texbook Cup and Handle Pattern

I'm not sure if anyone has posted this before but it just seems too obvious. There's a clear cup and handle pattern forming on the weekly timeframe for Gold. From what I see it's possible that the breakout will be to the downside to test the 200 week SMA. If the breakout is to the upside however, it wouldn't be unforeseeable, as the RSI and momentum indicators seem to be relatively reset.