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Data as of: 2026-10-09 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

SHFE Gold (SHFE.AU) In-Depth Analysis Report | Bullish: Night Session Breakout and Open Interest Increase in Resonance | 2026-10-10

The current core conclusion for SHFE Gold (AU2612) is bullish. Drivers come from an active night-session breakout with increasing open interest, low COMEX inventories, and COT managed fund net longs remaining at high levels, while the gold-silver ratio is at the 1-year 74.6% percentile, indicating relative weakness in silver and relative strength in gold. Technically, the night-session price held above the pivot P, and the main contract's notional open interest surged by 1.308 billion yuan, confirming active long accumulation. The directional invalidation conditions are an effective daily close below 895.23 (S1 pivot) or a weekly-level loss of the 900 integer mark.