Gold Hits Record High as U.S. Stocks Stall After Hot Rally

Release Time: 10:00 AM, September 24, 2025

Issuer: Ms. Jenny

MARKET OVERVIEW

Stock Market

Vietnam Market: The market is fluctuating around the 1,635-point level with declining liquidity, indicating that selling pressure has temporarily cooled down, though support flows remain cautious. The current rebound mainly serves as a test of supply pressure near the MA(20), which has become a short-term resistance zone. For the market to regain balance and return to an uptrend, stronger capital inflows are needed to absorb supply and sustain above MA(20).
U.S. Market: On September 23, U.S. markets saw a mild correction after consecutive record highs, with the S&P 500 down ~0.6%, Nasdaq losing ~0.9%, and Dow Jones sliding ~0.2%. The main driver was selling pressure in the tech sector, as Nvidia fell ~2.8% after its prior surge. Fed Chair Powell warned that markets are at elevated valuations and did not provide clear signals on when rate cuts might occur.

Forex

USD/JPY: Uptrend. Long positions can be considered today. Daily support: 147.500
GBP/USD: Downtrend. Short positions can be considered today. Daily resistance: 1.35300

Gold

Gold reached a new all-time high, with spot prices touching ~$3,753.25/oz (+0.2%). December gold futures also gained ~0.3% to ~$3,787.40/oz. The main reasons: rising expectations of Fed rate cuts and a weaker USD, boosting gold’s appeal as a safe-haven asset.

Oil

XTI/USD: Uptrend. Long positions can be considered today. Daily support: 62.20

Crypto

BTC is trading below $113,000 amid strong selling pressure, with liquidations of ~$1.5 billion triggered after breaking key technical levels. Technical forecasts suggest that if BTC weakens further, the $106,000 level could act as major resistance, especially if sellers exploit minor rebounds. Analysts also warn that a 5% drop could trigger as much as $12.5 billion in liquidations across derivatives markets.

TRADING PLANS

1. Vietnam Stock: MSN
Recommendation: WAIT TO BUY MSN (24/09/2025). Entry: 76,000–79,000 VND. Target 1: 84,000 VND. Target 2: 89,000 VND. Stop loss: 73,500 VND.

2. XTI/USD

Trend: Uptrend
Entry: 63.40 | Stop loss: 62.40 | Take profit: 65.40

KEY EVENTS TODAY

3:00 PM – EUR – German Ifo Business Climate Index
9:00 PM – USD – New Home Sales

DISCLAIMER

The above analysis reflects only the personal views of analyst Jenny from Lotus and should not be considered as a basis for actual market participation.
Lotus provides only trading technical analysis and trading education for learners.
Lotus does not represent any securities company or asset management company.
Lotus does not manage funds on behalf of learners.