Da Tian Global: Suggestions for Spot Gold Operations2026-07-17

　　goods in stockgoldOverview of the current market situation:

　　国际现货黄金在连续两日美国通胀数据低于预期后仍未获得持续支撑，并在昨晚美盘时段一度回落至每盎司3990美元下方，日内跌幅约1.8%，近月金价累计跌幅已超过5%，市场定价重心正由传统避险逻辑，转向能源冲击、利率预期与持仓结构之间的再平衡。黄金未能受益的原因是通胀数据只削弱了近期加息的紧迫性，并未让市场形成宽松周期即将开启的判断。

Hong Kong's top ten pension company, Datian Global Zero slip point low point difference:202.hk/zhuanti/cpc_v1.html?c=812

　　Datian Global Spot Gold Reference News:中东地区冲突升级后，西得克萨斯中质crude oil升至每桶80美元附近，布伦特原油升至每桶85美元上方。能源价格上涨通常能够提高黄金的通胀对冲需求，但当前市场反应相反，原因在于能源冲击首先推高了加息预期和债券收益率。这类环境下，黄金存在两条相互对冲的传导路径。第一条路径是供应风险上升，推动避险资金进入贵金属。第二条路径是油价抬升未来通胀斜率，迫使货币政策维持偏紧状态，并提高黄金的持有机会成本。

　　Today's spot gold market follows:

Eurozone6Monthly harmonyCPIthe annual rate-Final value without seasonal adjustment;

United States6Initial monthly construction permit rate;

United States6Monthly Import Price Index Monthly Rate;

United States6Monthly annualized rate of new housing starts;

United States6Monthly industrial output rate;

United States7Initial monthly University of Michigan consumer confidence index;

　　美国总统特朗普发表全国讲话。

　　Special reminder from Datian Global:本周最后一个交易日的市场基本面还是比较活跃的，尤其是晚上将会有众多美国经济数据的公布，可以进一步反映出美国的通胀情况和经济活力，这在两份通胀指标之后显得尤为重要，此外特朗普的讲话也需结合，因为有可能会涉及到中东局势的问题。

From spot gold4小时图看，尽管数据显示通胀水平有所降温，但却无法对金价产生太强的利好作用，特别是在美伊局势再次严峻的情况下，在昨晚失守了关键性的4000大关支撑，刷新了近段时间的低点，而下一个位置或许将剑指3900下方。现阶段均线组开始加速拐头向下施加压力，MACD指标也有机会在0轴下方再度形成死叉，因此操作方面建议暂时保持逢高做空为主。

　　Pressure:4000-4010-4020

　　Support:3985-3970-3960

　　Suggestions for today's spot gold market operation:

　　4000-4001Look at the range, target3994-3988, Risk control4USD.

　　3986-3987From the perspective of range, target3993-3999, Risk control4USD.

Upper laceration4006Look up, goal4011-4016, Risk control4USD.

Downburst3980Look down, goal3975-3970, Risk control4USD.

　　4017-4018Look at the range, target4012-4007, Risk control4USD.

　　3968-3969From the perspective of range, target3974-3979, Risk control4USD.

Upper laceration4024Look up, goal4029-4034, Risk control4USD.

Downburst3962Look down, goal3957-3952, Risk control4USD.

The two goals are to stop the profit step by step and increase the profit.

　　Da Tian Global Warm Reminder:Strategic recommendations are for reference only, there are risks involved in entering the market, and investment needs to be cautious.