A Golden Surge From Gold

A very interesting move by the Gold early in the session when it surge vertically as shown from the 15-min chart below. It formed a double bottom as shown from the rectangular box before it burst like a gunfire. If you are late with the sudden strike, you can still catch the half move when it pulled back from the 'u' pattern like area. It was consolidating from the 1310 to 1320 range level the past few days as shown from the 5-hour chart (second below), also a box pattern like. Actually it was a bull flag from my observation, but a long/extended one. Though from my point of observation, it was a very risky 'long' trade but it is a valid one (considering lots of negative comments from some pundits), just with a tight stop. And likewise it was seconded by the positive employment reports.