Sprinkle the gelatin into the ½ cup + 1 tbsp water. Let sit for 5 minutes as the gelatin develops. Add this to the white candy melts and condensed milk and roughly mix to combine.
In a small pot, combine the glucose, sugar and 2/3 cup water. Set to medium heat and stir until the sugar dissolves. Attach a candy thermometer to the pot and cook until the mixture reaches 217F. Pour onto the candy melt mixture and whisk until everything has melted and combined. Add the white food colouring and stir to combine.
Place about ¼ cup of glaze into 6 bowls and dye them the colours of the rainbow. Allow the rainbow glazes and white glaze to come to room temperature – this is VERY important!! You’ll see what happens when you pour it while it’s warm in the video!
Transfer the cake to a wire rack with a cookie sheet underneath. Gently pour the white glaze onto the cake. Drizzle the rainbow glaze on top in the order of the rainbow. Use an offset spatula to gently smooth the surface and blend the colours. Return the cake to the fridge until set, about 15 minutes. Serve and enjoy!