SMM News: [outer disk, news] overnight, COMEX gold closed at 1905.4, down 0.39%, the daily line increased the lower shadow, failed to continue to rise above the 60-day moving average, only the 5-day moving average in the daily moving average system was upwards, and other moving averages maintained downward, the adjustment situation failed to be effectively reversed, supporting 1884, pressure 1925. COMEX silver closed at 24.010, down 1.25%. Xiaoyin with shadows on the daily line was technically suppressed by the 40-day moving average, while the short-term adjustment was maintained, with support of 23.0 and pressure of 25.0.
News: us ADP employment in October was 365000, compared with a previous figure of 759000 and is expected to be 650000. In October, the final value of Markit comprehensive PMI in the United States was 56.3, and the previous value was 55.5. In the United States, the non-manufacturing PMI of ISM in October was 56.6, compared with a previous value of 57.8, and is expected to be 57.5. Britain will implement the second national blockade in the early morning of the 5th.
[fund positions] Gold ETF positions 1252.42 tons, down 0.28% from the previous day; silver ETF positions 17462.08 tons, an increase of 0.33% over the previous day.
[futures trend] on the domestic side last night, the Shanghai gold fell back after the opening, the futures price gave up the gains in the first two days, and broke the 400th mark again, the daily average line went down, the MACD was flat, and the short term was still trapped in the repeated adjustment situation of concussion; Shanghai Bank fell back after a small high opening, showing a narrow range shock, the daily line temporarily stayed above the 5-day moving average, MACD leveled off, and the weekly line still had the nature of horizontal concussion. Fundamentals, the United States 10 ADP jobs lower than expected, the dollar closed lower in the shock. Britain imposed a second round of national blockade. The result of the counting of votes in the US general election is not available, and the current situation shows that democracy may not be able to control the Senate. As major uncertainties still exist, gold and silver are expected to continue to repeat in the short term. AU2012 support 397, pressure 407 TAC AG2012 support 4950, pressure 5250.
[operating strategy] Shanghai and gold stage adjustment, short-term concussion repeated, AU2012 wait-and-see or short-term trading; Shanghai silver medium-term shape is not bad, short-term concussion repeated, AG2012 trading is dominated by short-term trading.
