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📅 2026-11-01 · SHFE Gold · Single-name brief

This report is provided by MacroTerms.com

Data as of: 2026-10-30 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

SHFE.AU In-Depth Analysis Report | Bearish Observation | 2026-11-01

Bearish. SHFE gold closed at 855.18, breaking below the near 20-day low of 856.28, with technicals weakening. On supply and demand, COMEX registered warrants declined slightly, while SHFE inventories held flat; the international versus China market premium turned from positive to negative, indicating softness in China. On positioning, the lead contract fell on reduced open interest, with capital exiting. The gold-silver ratio remains at a high level, implying gold is relatively expensive, capping SHFE gold's upside.

Single-name briefs Deep dive

SHFE GoldSHFE.AU 2026-11-01
SHFE.AU In-Depth Analysis Report | Bearish Observation | 2026-11-01
SHORTneutral_context
Deep diveRead
SHFE SilverSHFE.AG 2026-10-09
Shanghai Silver (SHFE.AG) In-Depth Analysis Report | Bears in Control, Below 14745 Target 14220 | 2026-10-09
SHORTneutral_contextrevisedLegacy coverage
Deep diveRead
SHFE CopperSHFE.CU 2026-11-01
Copper (SHFE.CU) Deep Analysis Report | Bearish Pattern Observed, Watching for Pullback to Support | 2026-11-01
SHORTneutral_context
Deep diveRead
RebarSHFE.RB 2026-11-01
Rebar (RB2701) In-Depth Analysis Report | Bearish: Break Below 3039 on Rising Open Interest, Target 2990 | 2026-11-01
SHORT1-5daligned
Deep diveRead
RapeseedCZCE.RS 2026-11-01
CZCE.RS(RS2701) Deep Analysis Report | Bearish: Running at High Volatility, Shorts Add to Positions | 2026-11-01
SHORTno_house_view
Deep diveRead
FiberboardDCE.FB 2026-11-01
DCE.FB(FB2612) Deep Analysis Report | Bearish: Weak Oscillation After Increasing Position and Falling, Maintain Short Configuration Below 1228 | 2026-11-01
SHORTno_house_view
Deep diveRead
Iron OreDCE.I 2026-11-01
Iron Ore (DCE.I) In-Depth Analysis Report | Bearish, Watching 660 Support | 2026-11-01
SHORTneutral_context
Deep diveRead
Japonica RiceDCE.RR 2026-11-01
DCE.RR(DCE.RR) In-Depth Analysis Report | Correction Test Under Bearish Structure in Japonica Rice | 2026-11-01
SHORTno_house_view
Deep diveRead

Previous briefs

2026-10-31：Single-nameShanghai Gold 2612 Deep Analysis Report | Increased Position Break Below 20-Day Lower Limit, Bearish Outlook | 2026-10-31 View 2026-10-30：Single-nameSHFE Gold (SHFE.AU) In-Depth Analysis Report｜Bearish｜2026-10-30 View 2026-10-29：Single-nameSHFE.AU Deep Analysis Report | Bearish Observation | 2026-10-29 View 2026-10-28：Single-nameSHFE.AU In-Depth Analysis Report | Bearish Setup: Key Focus on 857 Invalidation | 2026-10-28 View 2026-10-27：Single-nameSHFE Gold 2612 Deep Report | Bearish: Accelerated Deleveraging Before FOMC, Below 856.29 Target 849 | 2026-10-27 View 2026-10-26：Single-nameSHFE.AU Deep Analysis Report | Downside Risk Dominated by Shorts | 2026-10-26 View 2026-10-25：Single-nameSHFE.AU Deep Analysis Report | Bearish Outlook 854.63 | 2026-10-25 View 2026-10-24：Single-nameSHFE.AU Deep Analysis Report | Focus on Key Support Break at 875.84 | 2026-10-24 View 2026-10-23：Single-nameShanghai Gold (AU2612) In-Depth Report | Bearish Bias: 20-Day Low Broken, Crowded Longs Retreat | 2026-10-23 View 2026-10-22：Single-nameShanghai Gold (AU2612) In-depth Analysis Report | Bearish bias: crowded positioning unwinds, below 890.06 look to 882.87 | 2026-10-22 View 2026-10-21：Single-nameShanghai Gold (AU2612) In-depth Report | Bearish: down 4.86% over 20 days, open interest crowding still at a three-year high | 2026-10-21 View 2026-10-20：Single-nameShanghai Gold (AU2612) In-Depth Analysis Report | Slightly Bullish: Rising on Reduced Open Interest Awaits Confirmation, 906.75 Is Key | 2026-10-20 View 2026-10-19：Single-nameSHFE Gold (SHFE.AU) In-Depth Analysis Report | Bullish Bias | 2026-10-19 View 2026-10-18：Single-nameShanghai Gold (AU2612) In-Depth Analysis Report | Slightly Bullish: Seat Net Longs Expand, Short-Covering Repair | 2026-10-18 View 2026-10-17：Single-nameShanghai Gold (AU2612) In-Depth Analysis Report | Slightly Bullish: Rebound on Reduced Open Interest Awaits Confirmation | 2026-10-17 View 2026-10-16：Single-nameShanghai Gold (AU2612) In-Depth Analysis Report | Slightly Bullish: Night Session Reclaims Pivot, Premium Inversion Narrows | 2026-10-16 View 2026-10-15：Single-nameShanghai Gold (AU2612) In-Depth Report | Bearish Bias: Pressure at Lower Edge of 20-Day Channel | 2026-10-15 View 2026-10-14：Single-nameShanghai Gold (SHFE.AU) In-Depth Analysis Report | Bullish Bias: Resonance of Safe-Haven Demand and Relative-Value Advantage | 2026-10-14 View 2026-10-13：Single-nameShanghai Gold (AU2612) In-Depth Analysis Report | Slightly Bullish: Position-Increase Rebound at 20-Day Low | 2026-10-13 View 2026-10-12：Single-nameShanghai Gold (AU2612) In-depth Report | Bullish Bias: Rising Open Interest and Falling Gold/Silver Ratio | 2026-10-12 View

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