News

MARKET OVERVIEW

Release Time: 10:00, March 05, 2026 Issuer: Mr. Leon

1. Stock Market:

• Vietnam Market: The market lost its balance as it fell below the 1,860 points mark with increasing liquidity, indicating rising selling pressure ahead of global volatility. The downward momentum may continue, driving the index to test the 1,825–1,834 gap area and evaluate the MA(20) support. However, if well-supported in this zone, the market still has a chance to recover and retest the 1,860 resistance.

• US Market: In the March 2 session, Wall Street closed with high volatility and divergence as investor sentiment was weighed down by geopolitical tensions and rising oil prices. The S&P 500 edged up ~0.04% to ~6,881.62 points, the Nasdaq Composite gained ~0.36% to ~22,748.86 points, while the Dow Jones Industrial Average dropped ~0.15% to ~48,904.78 points. The high intraday volatility reflects concerns over global risks, but buying interest in the tech and defensive sectors prevented the main indices from falling deeply.

2. Forex:

• GBP/USD: Dominant trend is Bearish. Daily resistance: 1.13400; Daily support: 1.33000. Consider Short positions if the price breaks the daily support zone.

• USD/CHF: Dominant trend is Bullish. Daily resistance: 0.78400; Daily support: 0.77800. Consider Long positions if the price breaks the daily resistance zone.

3. Gold:

• Performance & Structure: Following the historic Gap-up, Gold has not experienced the gap-fill sell-off anticipated by common trading psychology. Instead, the price is establishing a High-base Consolidation and moving sideways around the $5,364 mark. The structure of intertwined small candles shows that Buyers are actively supporting the price and fully absorbing short-term profit-taking pressure.

• Momentum: The Triple Stochastic indicator has cooled down from the extreme overbought threshold and is hovering in the 60 - 80 zone. The sideways price action (a time correction) while momentum cools down is a highly Bullish signal for Buyers, allowing the market to recharge without breaking the uptrend structure.

4. Oil:

• XTI/USD: Dominant trend is Bullish. Daily resistance: 77.90; Daily support: 73.30. Consider Long positions if the price breaks the daily resistance zone.

5. Bitcoin:

• Price Structure: BTC just experienced an extremely powerful Breakout, completely piercing through the stiff resistance zone (the purple box around 69,000 - 70,000) and pushing straight up near the 74,000 mark. Currently, the price is in a natural technical pullback to "digest" profit-taking pressure, trading around $72,695.

• Momentum: The Triple Stochastic indicator is clearly confirming this short-term sell-off. The fast signal lines (red) have plunged straight from the extreme overbought zone down to the bottom of the oversold zone (levels 15.38 - 17.13). The bearish momentum is occurring but has not yet damaged the dominant bullish structure.

RECOMMENDATIONS:

1. AUD/USD:

• Sell Stop: 0.70500

• Stop Loss: 0.71000

• Take Profit: 0.69900
  

2. GBP/USD: 

• Sell: 1,33618

• Stop Loss: 1,34355

• Take Profit: 1,32106
  

NOTABLE EVENTS TODAY: 

DISCLAIMER:

• The above analysis represents the personal views of analyst Leon from Lotus and does not constitute a basis for actual market participation.

• Lotus only provides technical trading analysis and trading knowledge training for students.

• Lotus does not represent any securities company or asset management firm.

• Lotus does not accept capital management for students.