{"id":47798,"date":"2026-05-28T02:00:43","date_gmt":"2026-05-28T02:00:43","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e9%87%91%e4%bb%b7%e8%b7%8c%e7%a0%b44500%e7%be%8e%e5%85%83%ef%bc%8c%e7%be%8e%e5%85%83%e8%b5%b0%e5%bc%ba%ef%bc%8c%e4%bc%8a%e6%9c%97%e8%b0%88%e5%88%a4%e7%96%91%e8%99%91%e4%b8%8e%e7%be%8e%e8%81%94\/"},"modified":"2026-05-28T02:00:43","modified_gmt":"2026-05-28T02:00:43","slug":"%e9%87%91%e4%bb%b7%e8%b7%8c%e7%a0%b44500%e7%be%8e%e5%85%83%ef%bc%8c%e7%be%8e%e5%85%83%e8%b5%b0%e5%bc%ba%ef%bc%8c%e4%bc%8a%e6%9c%97%e8%b0%88%e5%88%a4%e7%96%91%e8%99%91%e4%b8%8e%e7%be%8e%e8%81%94","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e9%87%91%e4%bb%b7%e8%b7%8c%e7%a0%b44500%e7%be%8e%e5%85%83%ef%bc%8c%e7%be%8e%e5%85%83%e8%b5%b0%e5%bc%ba%ef%bc%8c%e4%bc%8a%e6%9c%97%e8%b0%88%e5%88%a4%e7%96%91%e8%99%91%e4%b8%8e%e7%be%8e%e8%81%94\/","title":{"rendered":"\u91d1\u4ef7\u8dcc\u78344,500\u7f8e\u5143\uff0c\u7f8e\u5143\u8d70\u5f3a\uff0c\u4f0a\u6717\u8c08\u5224\u7591\u8651\u4e0e\u7f8e\u8054\u50a8\u9e70\u6d3e\u91cd\u65b0\u5b9a\u4ef7\u62d6\u7d2f"},"content":{"rendered":"

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\u5728\u7f8e\u56fd\u5229\u7387\u5e02\u573a\u65b9\u9762\uff0c\u7f8e\u8054\u50a8\u5b98\u5458\u8c08\u8bdd\u4e0e\u5e02\u573a\u91cd\u65b0\u4f30\u7b97\u653f\u7b56\u8def\u5f84\uff0c\u4ee4\u9ec4\u91d1\u627f\u538b\u3002Prime Terminal\u6570\u636e\u663e\u793a\uff0c\u5728\u7f8e\u8054\u50a8\u4e3b\u5e2dKevin Warsh\u4efb\u5185\uff0c\u5e02\u573a\u9884\u671f\u5e74\u672b\u524d\u52a0\u606f\u7684\u6982\u7387\u63a5\u8fd150%\uff08\u5373\u201c\u52a0\u606f\u673a\u7387\u201d\u88ab\u91cd\u65b0\u5b9a\u4ef7\uff09\u3002\u52b3\u52a8\u529b\u6307\u6807\u597d\u574f\u53c2\u534a\uff1aADP\u5c31\u4e1a\u53d8\u52a8\uff08\u79c1\u4eba\u673a\u6784ADP\u7edf\u8ba1\u7684\u5c31\u4e1a\u6570\u636e\uff0c\u5e38\u88ab\u89c6\u4e3a\u975e\u519c\u5c31\u4e1a\u7684\u524d\u54e8\uff09\u56db\u5468\u5e73\u5747\u964d\u81f33.575\u4e07\u4eba\uff0c\u524d\u503c\u4ece4.075\u4e07\u4eba\u4e0b\u4fee\u540e\u5f97\u51fa\u3002\u6280\u672f\u56fe\u8868\u4e0a\uff0c\u91d1\u4ef7\u4e00\u5ea6\u8dcc\u52304,401\u7f8e\u5143\u540e\u5c0f\u5e45\u53cd\u5f39\uff1b\u652f\u6491\u4f4d\u57284,400\u7f8e\u5143\uff0c\u5176\u540e\u662f4,098\u7f8e\u5143\uff1b\u963b\u529b\u4f4d\u57284,500\u30014,550\u4e0e4,600\u7f8e\u5143\uff1b50\u65e5SMA\uff0850-day SMA\uff0c50\u5929\u7b80\u5355\u79fb\u52a8\u5e73\u5747\u7ebf\uff0c\u7528\u6765\u89c2\u5bdf\u4e2d\u671f\u8d8b\u52bf\uff09\u57284,636\u7f8e\u5143\u3002\u5404\u56fd\u592e\u884c\u4e70\u91d1\u9700\u6c42\u4ecd\u662f\u957f\u671f\u652f\u6491\uff1a2022\u5e74\u5408\u8ba1\u4e70\u51651,136\u5428\uff0c\u4ef7\u503c\u7ea6700\u4ebf\u7f8e\u5143\u3002<\/p>\n

Technical Outlook and Downside Risks<\/h3>\n

\u8dcc\u78344,500\u7f8e\u5143\u540e\uff0c\u77ed\u671f\u9ec4\u91d1\u66f4\u53ef\u80fd\u7ee7\u7eed\u8d70\u4f4e\u3002\u7f8e\u5143\u8d70\u5f3a\u662f\u4e3b\u8981\u963b\u529b\uff0c\u9884\u8ba1\u8fd9\u4e00\u8d8b\u52bf\u5c06\u5ef6\u7eed\u3002\u6280\u672f\u9762\u8f6c\u5f31\uff0c\u76f8\u5bf9\u5f3a\u5f31\u6307\u6570RSI\uff08Relative Strength Index\uff0c\u8861\u91cf\u6da8\u8dcc\u52a8\u80fd\u7684\u6307\u6807\uff1b\u4f4e\u4e8e30\u5e38\u88ab\u89c6\u4e3a\u201c\u8d85\u5356\u201d\uff09\u663e\u793a\u4e0b\u884c\u52a8\u80fd\u5f3a\uff0c\u4f46\u5c1a\u672a\u8fdb\u5165\u8d85\u5356\u533a\uff0c\u4ee3\u8868\u4ecd\u53ef\u80fd\u7ee7\u7eed\u4e0b\u63a2\u3002<\/p>\n

Macro Drivers and Strategy<\/h3>\n

\u5e02\u573a\u5728\u53cd\u6620\u901a\u80c0\u504f\u9ad8\uff0c\u4ee5\u53ca\u5404\u56fd\u592e\u884c\u7ef4\u6301\u9e70\u6d3e\u7acb\u573a\uff0c\u4e0d\u53ea\u7f8e\u56fd\u3002\u6700\u65b0\u6570\u636e\u663e\u793a\uff0c\u7f8e\u56fd4\u6708\u6838\u5fc3PCE\uff08Core PCE\uff0c\u5254\u9664\u98df\u54c1\u4e0e\u80fd\u6e90\u7684\u4e2a\u4eba\u6d88\u8d39\u652f\u51fa\u7269\u4ef7\u6307\u6570\uff0c\u662f\u7f8e\u8054\u50a8\u504f\u597d\u7684\u901a\u80c0\u6307\u6807\uff09\u4e3a2.9%\uff0c\u4ecd\u9ad8\u4e8e\u7f8e\u8054\u50a8\u76ee\u6807\u3002\u56e0\u6b64\uff0cCME FedWatch\u5de5\u5177\uff08\u6839\u636e\u5229\u7387\u671f\u8d27\u63a8\u7b97\u5e02\u573a\u5bf9\u7f8e\u8054\u50a8\u653f\u7b56\u7684\u6982\u7387\u5de5\u5177\uff09\u76ee\u524d\u663e\u793a\uff0c\u52302026\u5e74\u5e95\u524d\u81f3\u5c11\u518d\u52a0\u606f\u4e00\u6b21\u7684\u6982\u7387\u63a5\u8fd160%\uff0c\u8fd9\u5c06\u7ee7\u7eed\u652f\u6491\u7f8e\u5143\uff0c\u5e76\u538b\u5236\u9ec4\u91d1\u8fd9\u7c7b\u201c\u65e0\u606f\u8d44\u4ea7\u201d\uff08non-yielding assets\uff0c\u4e0d\u4f1a\u50cf\u503a\u5238\u90a3\u6837\u63d0\u4f9b\u5229\u606f\uff09\u3002<\/p>\n

\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\uff08\u5982\u4f0a\u6717\u5c40\u52bf\uff09\u76ee\u524d\u5e26\u6765\u7684\u662f\u8d44\u91d1\u8f6c\u5411\u7f8e\u5143\u907f\u9669\uff0c\u800c\u4e0d\u662f\u9ec4\u91d1\u3002\u8fd9\u4ee3\u8868\u5e02\u573a\u884c\u4e3a\u51fa\u73b0\u91cd\u8981\u53d8\u5316\u3002\u5386\u53f2\u4e0a\uff0c\u5728\u5730\u7f18\u4e0d\u786e\u5b9a\u65f6\u671f\u7f8e\u5143\u8d70\u5f3a\uff0c\u5f80\u5f80\u4f1a\u9650\u5236\u91d1\u4ef7\u53cd\u5f39\uff1b\u81ea2020\u5e74\u4ee3\u521d\u7684\u52a0\u606f\u5468\u671f\u5f00\u59cb\u4ee5\u6765\uff0c\u8fd9\u79cd\u60c5\u51b5\u591a\u6b21\u51fa\u73b0\u3002<\/p>\n

\u672a\u6765\u51e0\u5468\uff0c\u6211\u4eec\u503e\u5411\u7ee7\u7eed\u770b\u5f31\uff0c\u8ba4\u4e3a\u53cd\u5f39\u81f34,500\u7f8e\u5143\u9644\u8fd1\u53ef\u89c6\u4e3a\u5356\u51fa\u673a\u4f1a\u3002\u5efa\u8bae\u4e70\u5165\u770b\u8dcc\u671f\u6743\uff08put option\uff0c\u4ef7\u683c\u4e0b\u8dcc\u65f6\u83b7\u5229\u7684\u671f\u6743\uff09\uff0c\u201c\u884c\u6743\u4ef7\u201d\uff08strike price\uff0c\u671f\u6743\u4e70\u5356\u4ef7\u683c\uff09\u9760\u8fd14,400\u7f8e\u5143\u652f\u6491\u4f4d\uff0c\u5230\u671f\u65e5\u9009\u62e92026\u5e746\u6708\u4e0b\u65ec\u62167\u6708\u3002\u8fd9\u79cd\u505a\u6cd5\u201c\u98ce\u9669\u6709\u9650\u201d\uff08defined-risk\uff0c\u6700\u5927\u4e8f\u635f\u4e00\u822c\u4e3a\u671f\u6743\u6743\u5229\u91d1\uff09\uff0c\u53ef\u628a\u63e1\u91d1\u4ef7\u53ef\u80fd\u4e0b\u63a2\u81f3\u7ea64,100\u7f8e\u5143\u7684\u4e0b\u4e00\u9053\u91cd\u8981\u652f\u6491\u533a\u3002<\/p>\n

\u9274\u4e8e\u9ec4\u91d1\u6ce2\u52a8\u7387\u6307\u6570GVZ\uff08Gold Volatility Index\uff0c\u8861\u91cf\u5e02\u573a\u5bf9\u9ec4\u91d1\u672a\u6765\u6ce2\u52a8\u7684\u9884\u671f\uff09\u5347\u81f318.5\uff0c\u4ee3\u8868\u4e0d\u786e\u5b9a\u6027\u5347\u9ad8\uff0c\u91c7\u7528\u201c\u4ef7\u5dee\u7b56\u7565\u201d\uff08spreads\uff0c\u540c\u65f6\u4e70\u5356\u4e0d\u540c\u6267\u884c\u4ef7\u6216\u5230\u671f\u65e5\u7684\u671f\u6743\u4ee5\u964d\u4f4e\u6210\u672c\uff09\u53ef\u80fd\u66f4\u7701\u6210\u672c\u3002\u4f8b\u5982\u201c\u718a\u5e02\u770b\u8dcc\u4ef7\u5dee\u201d\uff08bear put spread\uff0c\u770b\u8dcc\u7ec4\u5408\uff09\uff1a\u4e70\u51654,400\u770b\u8dcc\u671f\u6743\uff0c\u540c\u65f6\u5356\u51fa4,250\u770b\u8dcc\u671f\u6743\uff0c\u53ef\u964d\u4f4e\u5165\u573a\u6210\u672c\u3002\u82e5\u9884\u671f\u662f\u6e29\u548c\u4e0b\u8dcc\u800c\u975e\u5d29\u8dcc\uff0c\u8fd9\u79cd\u505a\u6cd5\u66f4\u7a33\u5065\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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