Gold Daily and Silver Weekly Charts - CME Raises Gold Margin Requirements - Updated

Well, it looks like an option expiration week to me.

I pulled my 'defensive positions' in the metals today (short positions), and came out of 'flat' to stick a toe into the gold and silver markets in terms of both metals and a couple of miners that looked rather oversold intraday.

As a reminder, tomorrow is options expiration on the Comex.

You should be able to spot the support on the chart