MCX and NSE have withdrawn additional margins on gold and silver futures, effective February 19. This move, initially a risk management measure due to volatility, is expected to lower capital requirements and boost liquidity. The exchanges are rolling back curbs after a recent correction in...
m.economictimes.com
Amid Shanghi being closed, and prices hitting a key low level, MTX and NSE abated/relaxed margin requirements. Thursday 19th.
That potential funding did not result in taking out of key support at the low... rather, marked the reversal. So... the question next is: how strong is the support just below that floor?
And will it be tested if/when comex lowers its margins to follow suit?
Or is the move a good example of the market deciding that up is the new down?