CGLD - Reversal pattern - potential breakout to 2.25!

CGLD likes to spike up, seemingly out of nowhere - 3 smaller spikes in the last 24 hours hit up to 1.60 (5-6%). It recently shows a W reversal after a long downtrend, and is currently on an uptrend. If it can break above the previous downtrend, we could see a BIG spike to 2.25+

*Just an idea - not financial advice