Is Gold 'Digging' Up?

Was looking up at the Gold Futures the past week and seems it's starts to rise up from the 'dead'? With the daily chart below, the July contract is forming a small 'cup with a handle' pattern, a sign of a bullish trend. And it formed a 'w' pattern, with a double support. I guess John Paulson starts to have a sigh of relief, for his position in the Gold had been battered for almost a year on the bear side. Ready to 'dig' for the Gold?, I guess it will be good now for the 'gold diggers'!