The recovery of gold and silver in "small non-farmers" is not satisfactory.

SMM News: [outer disk, news] overnight, COMEX gold closed at 1835.0, up 0.83%. Day line Xiaoyang continued to wear the 10-day moving average, 5-day average raised, MACD opening closed, short-term rebound maintained, support 1810, pressure 1851; COMEX Bank closed at 24.230, up 0.35%. The daily line closed at the top of Dayang, the 5-day moving average was raised, the MACD was forked, and the short-term recovery momentum was maintained. Focus on the performance near the 60-day moving average. If you continue to break through, the upward space will be expanded, support 23.6, pressure 24.6.

News side: U.S. ADP employment in November was 307000, compared with an expected 430000, compared with a previous value of 365000. The Fed's beige book shows that economies in most regions are growing moderately or moderately. Fed Williams believes there is near-term uncertainty about the type of financial aid. The euro zone's unemployment rate was 8.4% in October, unchanged from 8.3% in September. Britain took the lead in approving the Pfizer novel coronavirus vaccine, which will be deployed next week.

[fund position] Gold ETF held 1191.28 tons, unchanged from the previous day, while Silver ETF held 16992.04 tons, down 0.04 per cent from the previous day.

[futures trend] Last night, Shanghai gold opened higher and rose slightly again, the futures price returned to the 10-day moving average, the daily average and MACD downward opening narrowed, and the short-term rebound maintained; Shanghai silver opened in a narrow range, the futures price remained above yesterday's jump gap, the 5-day moving average rose upward, the MACD downward opening closed, and the short-term rebound was maintained. Fundamentals, novel coronavirus vaccine progress optimistic, the United Kingdom took the lead in approving Pfizer vaccine, gold and silver ETF fund position confidence is still insufficient. However, the number of confirmed cases of novel coronavirus overseas continues to grow, the number of ADP jobs in the United States falls short of expectations, the United States resumes novel coronavirus aid negotiations, and the US dollar hits a new low, which continues to provide support for gold and silver prices. AU2106 support 380, pressure 387 million AG2102 support 4880, pressure 5150.

[operating strategy] Shanghai gold stage adjustment, short-term rebound, AU2012 temporary wait-and-see or short-term trading; Shanghai Bank medium-term strong form to keep unbroken, short-term strong rebound, AG2012 every adjustment reference 5-day moving average light attempt.