SMM Network News: [outer disk, news] overnight, international gold and silver closed up sharply. COMEX gold closed at 1953.8, up 2.54%. The daily line Dayang effectively broke through the pressure of the daily moving average system. The 5-day moving average was above the medium-and long-term moving average, and the MACD cut above the 0 line, the short-term shape became stronger, the support was 1926, and the pressure was 1960. COMEX Bank closed at 25.505, up 6.23%, Japanese Dayang, began to test the 60-day moving average and the high pressure in mid-October, the technical form has stabilized, but has not effectively got rid of the horizontal range, support 24.5, pressure 26.0.
News side: the Fed kept the federal funds rate unchanged at 0-0.25%. The pace of bond purchases remained unchanged in the statement, reiterating the use of all tools to support the economy. Powell said that the economic outlook is very uncertain and there is no "running out of ammunition" in monetary policy. The number of initial claims for unemployment benefits in the United States in the week ended October 31 was 751000 and is expected to be 735000. Retail sales in the eurozone rose at an annual rate of 2.2 per cent in September and are expected to rise 2.8 per cent and 3.7 per cent in August. The European Union has cut its forecast for euro zone economic growth in 2021 to 4.2% from 6.1%. The Bank of England left interest rates unchanged and increased its purchases of government bonds.
[fund position] Gold ETF held 1252.42 tons, unchanged from the previous day, while silver ETF held 17462.08 tons, unchanged from the previous day.
[futures trend] Last night in China, Shanghai gold jumped short and opened high and walked high, 5-day moving average and MACD hook up, the shape improved, short-term attention to October high and 60-day average pressure; Shanghai silver jump high open after horizontal concussion, 5-day average hook upward, MACD uplink opening, short-term recovery intention, but has not effectively got rid of the horizontal volatility range, uplink persistence needs to be observed. Fundamentally, the result of the US election was difficult to give birth, and the latest news showed that Biden took the lead in the vote, increasing loose expectations. At the same time, the Federal Reserve and the United Kingdom maintained a loose tone at the meeting, and the dollar fell sharply. In addition, the novel coronavirus epidemic has continued to worsen overseas, and many countries have adopted new restrictive measures. Gold and silver get short-term action energy under the stimulation of multiple factors. In the short term, we will continue to pay attention to the US election process and tonight's US non-farm report. AU2012 support 404, pressure 412 × AG 2012 support 5100, pressure 5350.
[operating strategy] the adjustment of Shanghai gold stage shows signs of ending, short-term concussion rebounds, AU2012 is not too high, followed by adjusted light positions; the medium-term shape of Shanghai Bank is not bad, the short-term is not out of the horizontal range, AG2012 continues short-term trading.
![[SMM Análise Macro] Jackson Hole sinaliza Fed hawkish, impulsionando expectativas de alta de juros em setembro](https://imgqn.smm.cn/usercenter/VCNvX20251217171735.jpeg)
