GC Monthly BreakoutGold FuturesCOMEX_DL:GC1!MKT_TRADEIn a previous post, we wrote: "GC has completed its initial objective target from the M DIR 4106 trading 2APMDs to 4513. IF the MKT is good, a held trade of the PYC 4504 will tee up a test of the R level at 4617 and WHAT IF higher. 4617 defines the regime for the balance of the month, and is the line in the sand for the current regime. A held trade over the figure is a sign of strength and is not one to fade." The WHAT IF is exactly in play, with the macro backdrop of the US Treasury intervention this week, gold has caught a bid. Where we stand now: GC over the M R 4617 now puts event highs in play. First target (M UT2) is just overhead at 4720.7, a held trade above this, puts the PQH 4918 in play. Remain aware as a held trade back under the M R 4617 - PYH 4583.7 puts this market back into more of a NEUTRAL outlook defined by lower extreme of 4276. Keep it tight, and goodluck