Jinrong China: Thanksgiving holiday market trading is flat, with gold prices expanding, rebounding, and fluctuating...

Market Review:

  internationalgoldThursday（11month26Japan) maintains a volatile trend, opening price1810.30dollar/Ounces, highest price1818.09dollar/Ounces, lowest price1803.95dollar/Ounces, closing price1809.60dollar/ounce.

Message surface:

The minutes of the European Central Bank meeting released on Thursday show that employment is expected to further shrink, and a large number of jobs are at risk. It cannot be ruled out that there will be a double dip recession in the eurozone. According to observations, it is currently expected that the duration of negative overall inflation rate will be longer than9The month is predicted to be longer. Officials believe that the outbreak of the epidemic may have a more lasting impact on demand and supply, thereby reducing potential growth rates.

The Chief Economist of the European Central Bank, Lian En, said that the current surge in the number of infections and the re implementation of restrictions are warning signals that the road to recovery will still be long and full of risks. The economic situation may become unstable for a period of time.

The report shows that in the past two days, government officials from Türkiye, Malaysia and other countries have disclosed that the progress of obtaining China's COVID-19 vaccine is accelerating. According to the Russian Satellite News Agency25According to the daily report, President Erdogan of Türkiye said on the same day that Türkiye could12The COVID-19 vaccine was started in January. Brazil is the first country in the world to purchase China's COVID-19 vaccine. Indonesian President Joko also revealed this month that the country is expected to launch a large-scale vaccination campaign before the end of this year, and the initial stage of the vaccination campaign will use vaccines produced by Sinovac Biotech and Sinopharm.

US President Trump said that the delivery of COVID-19 vaccine will begin next week.

AstraZenecaCEOIt said that the COVID-19 Vaccine was released from the US Food and Drug Administration（FDA）Approval may take longer. The company may conduct a new round of global COVID-19 vaccine test. It is expected that the new test will not hinder approvals in the UK and Europe. The new round of trials will require less time and fewer patients will need to participate in the trials.

Senior Canadian officials say that the Canadian government can“12The COVID-19 vaccine of Pfizer was approved around the same time as that of the United States and the European Union. Previously, the Canadian Department of Health stated that the vaccine may be approved for sale in the early first quarter of next year.

The head of the WHO Health Emergency Project, Ryan, said that by increasing the number of vaccines, we are likely to return to normal to some extent next year.

Bank of Canada Governor McCollum said that with vaccines, consumer spending and economic recovery may exceed expectations. The central bank has sufficient potential to expand quantitative easing. There is a lot of room in the balance sheet. If necessary, the central bank has the ability to take more action. The central bank has committed to steadily recovering the economy (most likely when inflation reaches2%Stop purchasing bonds before the target. Inflation is exceptionally weak. Expected until2023The annual economic activity will be below the potential level. The period of rapid growth after reopening has passed. Canadian interest rates will remain at extremely low levels for a very long time.

Today's Focus
15:45 France11monthCPIMonthly rate
15:45 France Q3GDPAnnual rate final value
18:00 eurozone11Final value of monthly consumer confidence index
18:00 eurozone11Monthly Industrial and Economic Prosperity Index

according toCMEFederal Reserve Observation: The Federal Reserve12Monthly interest rate maintained at0%-0.25%The probability of the interval is100%Interest rate hike25Bps to0.25%-0.50%The probability of the interval is0%; next year1Monthly interest rate maintained at0%-0.25%The probability of the interval is100%Interest rate hike25The probability of a basis point is0%。

Technical aspect:

International gold maintained range fluctuations on Thursday, with gold prices rising from1805Short term fluctuations on the front line rose, and gold prices reached their highest point during Asian trading hours1812The front line oscillates and falls back. Gold prices hit their lowest point in the afternoon session1806After the first line, the rebound expanded again, and gold prices reached their highest point in European trading hours1818The front line oscillated downward. Gold prices hit their lowest point during US trading hours1806After rebounding on the front line, it stabilized again1809Form a short line around the front line1809Narrow range consolidation trend. Short term gold prices have not shown significant volatility to break free from price performance. The daily chart records a longer and smaller shadow lineKLine, the current gold price is still at the daily line200The daily moving average supports the price line, and the short-term gold price is below the bottom level. The range fluctuates upwards and maintains the short-term end, with a significant unilateral downward correction continuing. The overall daily moving average is arranged in a relatively regular downward divergence pattern, and short-term fluctuations and gains will face more intensive technical indicator pressure and price impact, resulting in a relatively low probability of strong bullish flipping. The hourly chart shows that as the short-term narrow range oscillation cycle prolongs, the hourly moving average shows a sticky and narrowing pattern. The short-term gold price gradually stabilizes above the technical indicator support level. Currently, the gold price has not shown a significant consolidation performance in the bearish bottom range, and it is still necessary to be cautious of the further expansion of the upward bottom range of short-term bottoming rebound oscillation. Be cautious in expanding the price range of new orders within the day and maintain a biased operating strategy.

Daily operating range:

  Multiple orders:

radical1800Frontline participation, stop loss3-5Point, profit target1805upper

steady1785Frontline participation, stop loss3-5Point, profit target1790upper

  Empty order:

radical1820Frontline participation, stop loss3-5Point, profit target1815Below

steady1833Frontline participation, stop loss3-5Point, profit target1825Below

The market trading during the Thanksgiving holiday was flat, with gold prices expanding, rebounding, and maintaining volatility. During the day, caution was exercised to maintain a narrow range of operating strategies