There Is Still Room For A Downward Trend In The Gold Bearish Trend.

October 31st - Market Review:

Sanya City, which first fell slightly above Japan's low point, supported 1340 to 1338.85, but quickly gained support and rebounded, and the high point was close to 1350. The European market continued to rebound in gold prices. In the early days of the American market, the gold price rebounded to 1359.65, which was close to the previous high 1360.56; however, in the late US market, because of the optimistic description of the economy in the Fed's resolution, the US dollar was shocked, and the gold price fell sharply, and the lowest day was to 1334.50.

Fund positions, as of October 30th, the world's largest ETF - SPDR Gold Trust gold The holding amount is 872.02 tons, and the world's largest ETF - iShares Silver Trust silver holds 10502.23 tons.

Important economic indicators were announced in October 30th:

Actual value of expected value of Beijing time economic indicators

16:55 German 10 monthly adjustment unemployment rate 6.9%6.9%6.9%

Unemployment in Germany after 10 monthly adjustment (10000) +2.4+0 +0.2

18:00 euro zone October economic index 96.997.3 97.8

20:15 U.S. ADP October employment (10000) +14.5 +15+13

21:00 German annual CPI +1.4%+1.4% +1.2% +1.4%+1.4%

02:00 Federal Reserve announces interest rate decision 0-0.25%0-0.25%0-0.25%

October 31st transaction reminder:

Expected value of Beijing time economic indicators

15:00 Germany Gfk consumer confidence index November 7.1 7.2

15:00 German actual retail sales in September, the monthly rate of +0.5% +0.4%

18:00 euro zone September unemployment rate 12.0%12.0%

18:00 euro zone October CPI annual rate of +1.1%

20:30 October 26th, the United States asked for unemployment benefits at the beginning of the week (10000) 35

21:45 U.S. Chicago October PMI55.7 55

1, 15:00 release of Germany's November Gfk Consumer confidence index And actual retail sales in September. The former is a leading indicator of the change in consumer spending, and the latter is an indicator that directly reflects changes in consumer spending. At present, the market expects the value of the former to rise, while the latter increases monthly rate. If the actual value is better than expected, it will benefit the euro and precious metals.

2, 18:00 announced the euro area September unemployment rate and the October CPI initial value annual rate. The former reflects employment and the latter reflects inflation. At present, the unemployment rate is expected to be stable in the market. If the actual value is better than expected, it will benefit the euro and precious metals.

3, 20:30 announced the United States in early October 26th when the number of jobless claims. If the actual value is better than the previous value, it will raise the US dollar and suppress the precious metal.

4, 21:45 announced the US Chicago October PMI. The value of the US PMI has the expected effect, and the market expectation is slower than the previous expansion. If the actual value is not as good as expected, it will suppress the US dollar and boost the precious metals.

10.31 Asia Europe operation recommendations:

Gold: pressure 1345/1350/1360, support 1335/13291317.

Silver: pressure 22.76/22.90/23.15, support 22.30/22.10/21.80.

Strategy: 1) under pressure, it is high to be short; if the support is dropped, it can continue to be short, with a target support of two or three.

2) if we break the pressure, we should wait and see; if we break through the pressure of two, we can do more.