The metal has been up mainly on ME names buying in xauusd and silver. Reuters is reporting that indeed one of the Chinese credit agencies defaulted. I am neutral at the moment but 4 hr looks like we might have room for further upside in silver and gold. Here are my supports and resistances for 2/13/2014:
1296.16
1292.9196 |
| 1289.687301 |
| 1286.463083 |
| 1283.246925 |
| 1280.038808 |
| 1276.838711 |
| 1273.646614 |
| 1270.462497 |
| 1267.286341 |
| 1299.4004 |
| 1302.648901 |
| 1305.905523 |
| 1309.170287 |
| 1312.443213 |
| 1315.724321 |
| 1319.013632 |
| 1322.311166 |
| 1325.616944 |
| 1328.930986 |
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