Rida futures: gold and silver low open concussion multi-air trading caution

London (Nov 4)  Market trend: today's Shanghai gold main 1912 contract low open concussion, trading in 345.3 to 343.1 yuan / g, closing at 343.7 yuan / g, compared with the previous day's closing price fell 0.1%, trading volume 265000 hands, daily reduction 65734 hands; position 229000 hands, daily decrease 35126 hands; Shanghai silver main 1912 contract also low open concussion, closing at 4398 yuan / kg, down 0.05% from the previous day's closing price.

Market focus: (1) the low and narrow range of the Asian dollar index, now trading at 97.179, down 0.03% on the day, effectively running below the moving average group. (2) the number of non-farm payrolls in the United States after the quarter adjustment in October was 12.8, the previous value was 13.6, and it was expected to be 8.9. (3) the PMI final value of Markit manufacturing industry in the United States in October was 51.3, the previous value was 51.5, and the expected value was 51.5.

Internal position: Shanghai gold main 1912 contract top 20 long position 51656 hands, short position 20914 hands, net long position 30742, daily reduction 3059 hands, long position reduction is greater than short. Shanghai Bank 1912 contract top 20 long positions 165617 hands, short positions 131105 hands, net long positions 34512, daily decrease 3639 hands, short positions increased more than long positions.

External position: as of November 1, SPDR Gold Trust gold ETF position of 914.67 tons, a weekly decline of 3.81 tons, falling for two weeks to September 24 since the lowest level, indicating a relaxed atmosphere for bulls. At the same time, the Shares Silver Trust silver ETF position is 11711.25 tons, a weekly reduction of 40.71 tons, which is the lowest since September 23, which also shows that the bulls atmosphere is weakened.

Market research: November 4 Shanghai stock market precious metals trend are low open shock, in which Shanghai gold is trapped in the EMA Interleaver, while Shanghai Silver is still above the EMA group. During this period, risk aversion sentiment between China and the United States continued to ease, resulting in lower pressure on precious metals, while. And the U. S. released mixed economic data, the U. S. index is still in the low shock part of the support of gold and silver. Today's high rise in the domestic stock market has put further pressure on it. Short-term long-term and empty factors are intertwined, and it is expected that the concussion situation will continue. Technically, Shanghai gold main KDJ index turn upward, MACD green column to red column, but by Brin line middle rail resistance; Shanghai silver main MACD red column narrow range fluctuation, by Brin line middle rail support. In operation, it is suggested that the main force of Shanghai gold can be high and low between 345 yuan / g and 1 yuan / g respectively, and the main contract of Shanghai silver can be high and low between 4420 and 4380 yuan / kg, with a stop loss of 20 yuan / kg.

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