XAU - Where is the handle destroyed?

Reader Kurt from Stuttgart asks the title question and gives an answer that we could see a bit lower but not lower than 140 for the cup to remain intact. I think that is a good call although a spike to 130 and reversal would not kill the bull for me in and of itself. For example, if it were to happen and I was still confident in the fundamentals, I'd gut it out.

Here is a chart. Note this one is log scale and yesterday's XAU cup was linear. Log works better for long term trend lines according to stockcharts.com and also in my experience.