Market Alert Feb 02: Gold's Freefall & Bitcoin Support Breakdown.

Release Time: 10:00 AM, February 2, 2026 Analyst: Mr. Loki

MARKET OVERVIEW

1. Stock Market:

  • Vietnam Market: The market continues to recover after receiving support at the 1,800-point zone. Improved liquidity suggests capital is returning to provide support, though investors remain cautious due to supply pressure. The 1,800 level has acted as a key support, sparking a rebound. However, this recovery is still exploratory as the index has yet to reclaim the MA(20) or establish a new equilibrium. More time for accumulation and base-building above 1,800 is needed for a more positive trend.

  • US Market: On January 30, Wall Street gained slightly, maintaining its recovery momentum as investors focused on positive economic data and Q4 earnings. The S&P 500 rose ~0.3% to ~6,910, the Dow Jones edged up ~0.2% to ~49,380, and the Nasdaq Composite climbed ~0.4% to ~23,720, led by the tech sector. This reflects capital rotation across sectors and a generally positive short-term sentiment.

2. Foreign Exchange (Forex):

  • EUR/USD: Main trend is bearish. Daily Resistance: 1.18850; Daily Support: 1.18500. Enter a Long (Buy) position if price breaks out of the daily resistance.

  • AUD/USD: Main trend is sideways. Daily Resistance: 0.69700; Daily Support: 0.69400. Enter a Long (Buy) position if price breaks out of the daily resistance.

3. Gold: The "Bulls' nightmare" persists. From a peak of $5,600, Gold has plunged relentlessly to its current level around $4,715, losing nearly $900 in value in a short period. The chart is filled with red arrows (Sell signals). Long-bodied red candles indicate aggressive panic selling. Psychological supports at $5,000 and $4,800 were easily pierced.

4. Oil:

  • XTI/USD (WTI): Main trend is bullish. Daily Resistance: 63.90; Daily Support: 62.70. Enter a Short (Sell) position if price breaks below the daily support.

5. Bitcoin: Hopes of holding the $80,000 mark have evaporated. BTC officially broke this support this morning, hitting a new low of $76,371. The "Lower Lows" structure is clearly established. Weak recoveries (small green arrows) are immediately suppressed by heavy selling pressure (large red arrows). Market sentiment is extremely pessimistic.

TRADING RECOMMENDATIONS

  • EUR/USD: Buy Stop at 1.18800, SL 1.18500, TP 1.19200.


  • USOIL: Sell at 62.309, SL 66.363, TP 53.930.


KEY ECONOMIC EVENTS TODAY (10:00 PM)

  • US ISM Manufacturing PMI: Actual: 48.5 | Forecast: 47.9

  • US ISM Manufacturing Prices: Actual: 59.3 | Forecast: 58.5

DISCLAIMER

  • The above assessments represent the personal views of analyst Loki (Lotus) and do not constitute a basis for actual market participation.

  • Lotus provides technical analysis and trading education only.

  • Lotus does not represent any securities or asset management firms, nor does it manage student funds.