SMM News: [outer disk, news] overnight, international gold and silver futures closed slightly higher. COMEX gold closed at 1898.7, up 0.94%, while Zhongyang on the Japanese line continued to pick up, challenging the pressure of the daily average system in the downside, supporting 1880 and a pressure of 1915. COMEX Bank closed at 24.195, up 1.85%, the daily line Xiaoyang rebounded, the daily average line has not changed, MACD is still below the 0 line, short-term adjustment did not effectively reverse, support 23.5, pressure 24.5.
On the news side: the final value of US Markit manufacturing PMI in October was 53.4, the expected and previous values were 53.3, the US ISM manufacturing PMI final value was 59.3 and expected 55.8 in October, the euro zone Markit manufacturing PMI final value in October was 54.8, expected and previous values were 54.4, and the UK Markit manufacturing PMI final value in October was 53.7, both expected and previous values were 53.3. The final PMI value of Germany's Markit manufacturing industry in October was 58.2, with an expected and previous value of 58, while the French Markit manufacturing PMI in October was 51.3, with both expected and previous values of 51.
[fund position] Gold ETF held 1255.92 tons, down 0.14% from the previous day, while silver ETF held 17411.69 tons, unchanged from the previous day.
[futures trend] on the domestic side last night, the Shanghai gold market fluctuated in a narrow range after a small high opening, and the daily line returned to above the 400 integer mark, the weakness of the short-term adjustment slowed down, but there was no effective signal of strengthening in the short term; the Shanghai Bank rose and fell after opening slightly high. The daily line is restrained by the 20-day moving average, and the daily line is still horizontal. Fundamentally, the novel coronavirus epidemic situation overseas is still deteriorating, European countries have introduced new epidemic restrictions, and market worries have risen on the eve of the US election, which have provided some risk aversion support for gold and silver. On the other hand, the final value of manufacturing PMI in China and many countries in Europe and the United States in October was better than expected, US stocks rebounded, and the rebound of the US dollar was not bad, which curbed the upward will of gold and silver. At the same time, the current market focus is still on the general election, the operation focuses on the election process and results. AU2012 supports 398,393; pressure 402,406; AG2012 supports 5000; pressure 5250.
[operating strategy] Shanghai and gold stage adjustment, short-term concussion repeated, AU2012 reference technology bit short-term mainly; Shanghai silver medium-term shape is not bad, short-term concussion repeated, AG2012 trading is dominated by short-term trading.
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