Daily Market Report: Gold Breaks $5,000 as Tech Stocks Retreat.

Release Time: 10:00, February 3, 2026 Analyst: Mr. Loki

MARKET OVERVIEW

1. Stock Market:

  • Vietnam Market: The market rebounded after holding the 1,800-point support level. However, the uptrend remains cautious as supply and demand conflict clearly, despite higher liquidity compared to the previous session. Late-session cooling pressure may lead to short-term corrections, but the market is expected to find support around 1,800, continuing to test supply/demand to establish a balance zone above this threshold.

  • US Market: On February 3, Wall Street saw a clear correction as pressure from tech stocks pulled major indices down. The S&P 500 fell ~0.8% to ~6,918, the Dow Jones dropped ~0.3% to ~49,241, and the Nasdaq Composite plunged ~1.4% to ~23,255 due to cautious sentiment regarding earnings and AI sector concerns. Conversely, the Russell 2000 rose slightly by ~0.3%, reflecting capital rotation from Mega-caps to Small-caps.

2. Forex:

  • EUR/USD: Bearish trend. Resistance: 1.18700; Support: 1.17700. Consider short positions if price breaks below the daily support.

  • AUD/USD: Bullish trend. Resistance: 0.70500; Support: 0.69800. Consider long positions if price breaks above the daily resistance.

3. Gold:

  • Movement: Gold has officially ended its correction and returned to a bullish run. Price broke the psychological $5,000 mark and is trading firmly at $5,061.

  • Structure: A "Sustainable Growth" pattern is forming. Following a V-shape bottom, price action shows a staircase structure (Higher Highs, Higher Lows). The green Ribbon is expanding upwards, acting as a launchpad. The previous $4,898 level has now become "hard floor" support.

4. Oil:

  • WTI/USD: Bullish trend. Resistance: 64.30; Support: 61.20. Enter long positions upon a breakout of the daily resistance.

5. Bitcoin:

  • Movement: BTC showed a sharp "Kill Long/Short" phase. Price briefly plunged below previous lows (~$73k) but immediately rebounded, forming a classic long-tail Pinbar. BTC is currently trading around $76,454.

  • Structure: Although the trend ribbon has turned green, it remains thin and flat, indicating buying pressure is not as aggressive as Gold. BTC is still pinned below the $78,000 resistance.

RECOMMENDATIONS

  • EUR/USD: Buy Stop at 1.18750, SL: 1.18000, TP: 1.20200.

  • NZD/USD: Sell at 0.60372, SL: 0.60675, TP: 0.59740.

KEY EVENTS TODAY

  • 20:15 - US ADP Non-Farm Employment Change: Actual: 46K | Forecast: 41K

  • 22:00 - US ISM Services PMI: Actual: 53.5 | Forecast: 54.4

DISCLAIMER

  • The above analysis represents the personal views of analyst Loki (Lotus) and is not a basis for actual trading.

  • Lotus only provides technical analysis and trading education.

  • Lotus does not represent any securities or asset management companies.

  • Lotus does not manage student funds