|安迪|&2025.7.16黄金原油分析：避险情绪摇摆不定，黄金维持箱体震荡！

Group 1: Gold Market Insights - The market is focused on the upcoming US PPI data, which will directly impact the future movement of gold prices [1] - Gold prices found support near the 100-period SMA around $3320, halting a decline from a three-week high [1] - If gold can stabilize above the resistance zone of $3342-$3343, it may test the $3365-$3366 area, with a further target of $3400 [1] - Current momentum indicators like MACD and RSI have not formed clear bullish signals, indicating limited upward momentum [1] - A drop below the $3320 support could lead to a decline towards the $3300 level, with further support at $3283-$3282 and a potential revisit to the July low of $3247 [1] - Gold's movement is influenced by both fundamental factors, such as Trump's tariff policies raising inflation expectations, and technical factors, with the Fed's stance on maintaining high rates limiting price rebounds [1] Group 2: Oil Market Insights - The recent rebound in oil prices was supported by a surprising decrease in US API crude oil inventories, which fell by 3.6 million barrels, contrary to market expectations of a 1.5 million barrel increase [5] - This indicates strong demand for US crude oil, contributing to market confidence [5] - The technical outlook for US crude shows a double bottom structure around $66, with prices stabilizing above the 20-day moving average and breaking a short-term downtrend [5] - Despite signs of a rebound, uncertainties surrounding tariffs may limit the extent of the price increase [7] - Close attention is needed on EIA official inventory data and changes in US and European consumption data to assess the sustainability of the rebound [7]