본 리포트 제공 MacroTerms.com

데이터 기준일: 2026-10-30 · 결제 기준: 거래소 결제가(베이징 시간 15:00 종가, 전일 결제 대비)

SHFE Gold 2612 In-depth Report | Breaking Below 20-Day Low, Bears Dominate | 2026-11-02

Direction: Bearish. SHFE Gold 2612 broke below the 20-day low of 856.28 to 855.18 at the [10-30 close], triggering a trend-weakening signal. Core reasons: First, the price broke below the lower boundary of the 20-day range, with a 20-day decline of -7.81%, and bearish momentum is dominant; second, the main contract shed 184,420 positions (-929 lots) accompanied by a nominal open interest decline of 794 million yuan, a position-reduction decline driven by longs exiting; third, net long positions of the top 20 seats narrowed by 7,067 lots to 144,701 lots, indicating an active retreat of long funds. International and Chinese market linkage is weak: COMEX gold [10-30 settlement] 3898.9, down -6.33% over 20 days, and the SHFE gold premium of +2.57% has room to fall. Direction invalidation condition: daily close above the next pivot R1 at 863.85.