We had quite a crumble on gold on Friday afternoon. After peeping just above the rising trendline a late bout of selling saw us off around $36.
The speed of the sell off was probably down to twitchy longs seeing the price come off the high just going into the close and taking profits.
It shows that the market is still nervous but the fact that we have bounced pretty quickly shows that confidence is starting to return and the push higher is likely to continue. Buying flash dips looks like the good short term play.
EDIT: Now with Gold chart rather than GBP/USD. Apologies.