[outer disk, news] overnight, international gold and silver futures closed slightly lower. COMEX gold closed at 1916.7, down 0.28%, daily line Xiaoyin, continued to test the 10-day moving average and the recovery trend line since 1768.3, pay attention to the performance of futures prices near this line, support 1900, pressure 1950 position Comex silver closing 27.290, down 0.42%, daily line Xiaoyin continued adjustment, continue to test 10-day moving average support, daily moving average arrangement maintained, the upward trend has not been completely bad, support 26.7, pressure 27.8.
News: a joint meeting of the Senate and House of Representatives of the U.S. Congress confirmed Biden's victory, and Trump promised an orderly transition on January 20. Fed Brad said negative interest rates are not a good option for the United States; Evans said that once inflation exceeds the target, it can start to raise interest rates moderately. The non-manufacturing PMI of the United States in December was 57.2, expected to be 54.5, and the previous value was 55.9. The euro zone's economic climate index was 90.4 in December, compared with an expected 89.8, compared with 87.6 last month. The euro zone's quarterly core CPI rose at an initial annual rate of 0.2% at the end of December, which was the same as expected.
[fund position] Gold ETF's latest position was 1182.11 tons, down 0.39 from the previous day, while silver ETF's latest position was 17495.69 tons, unchanged from the previous day.
[futures trend] on the domestic side last night, Shanghai gold futures fluctuated within a narrow range after opening slightly lower. Shanghai gold continued to stay above the 20-day moving average and the recent upward trend line, medium-and short-term daily average upward, short-term adjustment has not yet completely destroyed the form; Shanghai silver futures prices fluctuated in a narrow range between the 5-and 10-day moving averages, daily average upward, but the MACD red column shortened, and the technical futures price was maintained by short-term adjustment before and after the high pressure. Fundamentally, novel coronavirus mutated the virus and the strict control measures implemented by many countries are still conducive to market risk aversion. The US Congress confirmed Biden's victory and the Democratic Party's victory in the Senate run-off election, boosting expectations of Biden's stimulus, which still support gold and silver. But US bond yields continued to rise, strong domestic and foreign stock markets and commodities, and hawkish comments from Fed officials undermined the upward momentum around gold and silver futures in the short term. AU2102 support 394, pressure 402 × AG2102 support 5500, pressure 5700, 5800.
[operating strategy] Shanghai and gold stage adjustment, short-term adjustment is not bad shape, AU2102 does not break the 20-day moving average carefully try more, rebound wait and see; Shanghai Bank medium-term strong form is effective, short-term shock adjustment, AG2102 short-term reference 5500-5800 short-term trading.
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