SMM Network News: [outer disk, news] last Friday night, international gold and silver prices both fell. COMEX gold closed at 1790.9, down 1.15%, daily line Zhongyin, daily average and MACD downward expansion. The weekly K line closed Dayin, the 5-and 10-week moving averages and the MACD downward opening, the phase downward trend continued, supporting 1750, the pressure 1820 position Comex silver closed at 22.770, down 2.98%, the daily line Zhongyin broke through the September and October lows, and the downward space was further expanded. The weekly K line closed at Dayin, the green column of MACD increased, and there was a tendency to try the low point in September, supporting 21.8 and pressure 23.6.
News side: the British Prime Minister says Brexit is imperative and the possibility of reaching an agreement is decided by the European Union. EU diplomats say it is almost impossible to reach a Brexit deal if Britain does not make a quick decision. The final index of consumer confidence in the euro area in November was-17.6, unchanged from the previous value, while the index of economic sentiment in the euro area in November was 87.6, expected to be 86, and the previous value was 90.9.
[fund position] Gold ETF held 1194.78 tons, unchanged from the previous day, while silver ETF held 16929.98 tons, down 0.19% from the previous day.
[futures trend] on the domestic side last Friday night, the futures prices of Shanghai gold, Shanghai and silver fell moderately. Shanghai gold daily average and MACD downward expansion, the stage of weakness continued; Shanghai silver daily average and MACD downward, futures prices not only broke the September and October low line, but also broke the September low refresh stage new low, downside space expanded. Fundamentally, more than 60 million cases of novel coronavirus have been confirmed overseas, and no agreement has yet been reached in the UK-EU trade negotiations. However, optimism about the outlook for vaccines and the smooth transition of the White House continued to strengthen, and economic data such as profits of large-scale enterprises in China and the euro zone economic climate index were better than expected, leading to a change in market risk sentiment and the continued outflow of positions in gold and silver ETF funds, which brought heavy pressure on gold and silver. AU2106 support 371, pressure 383 TX AG2102 support 4680, pressure 4900.
[operating strategy] Shanghai gold stage adjustment, short-term weak downside, AU2012 light air set stop surplus protection to continue to hold; Shanghai Bank shape is not bad in the medium term, continue to explore in the short term, AG2012 light air set stop surplus protection to hold.
