US Government Shutdown: Gold Hits Record, Crypto Accelerates – Wall Street Still Shines

Release Time: 10:00, October 2, 2025
Publisher: Mr. Leon

Market Overview

1. Stock Market

  • Vietnam Market:
    The market slightly increased and remained above MA(20) with lower liquidity, showing supply cooled temporarily but inflows stayed cautious. The market continues testing balance around MA(20), though signals remain unclear. A sustainable uptrend requires stronger absorption of supply; otherwise, if demand weakens and MA(20) is lost, correction risk will rise.

  • US Market:
    On October 1, US stocks continued to record fresh highs: S&P 500 +0.3%, Nasdaq +0.4%, Dow Jones +0.1%, despite the federal government entering shutdown. ADP employment data disappointed with a drop of 32,000 private sector jobs, pressuring bonds and fueling expectations that the Fed may cut rates soon. Amid shutdown uncertainties, investors shifted capital into healthcare, pharmaceuticals, and safe-haven assets like gold, helping gold break new records.

2. Forex

  • USD/JPY short-term uptrend, long positions possible today, support: 147.000

  • GBP/USD short-term downtrend, short positions possible today, resistance: 1.35100

3. Gold

  • Gold set a new all-time high, spot price hitting $3,866.10/oz, surpassing the previous high of ~$3,895.09/oz.

  • December futures also climbed, trading around $3,892.80/oz.

  • Drivers: weaker USD, rising safe-haven demand (US government shutdown & Fed rate cut expectations).

4. Oil

  • XTI/USD short-term uptrend, long positions possible today, support: 61.80

5. Bitcoin

  • Current price: ~$118,771, up +3.857% vs previous session.

  • Daily range: $114,166 – $119,400.

  • Strong buying interest; if supported by new inflows or positive macro news, BTC may extend its uptrend.

Recommendations

  1. PVD (Vietnam stock)
    Buy PVD (02/10/2025), entry: 21,200 – 21,800 VND
    Target 1: 23,000 VND
    Target 2: 24,500 VND
    Stop-loss: 20,200 VND

  2. XTI/USD (Oil)
    Trend: Uptrend
    Buy at: 62.40
    Stop-loss: 61.60
    Take-profit: 64.00

Key Events Today

Disclaimer

 

  • The above reflects only the personal opinion of Leon, analyst at Lotus, and is not an actual investment basis.

  • Lotus only provides trading technical analysis and trading education.

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

  • Lotus does not manage client funds.