Gold Maintains a Strong Downtrend

MARKET OVERVIEW

1. Stock Market

Vietnam Stock Market:
The VN-Index remained stable around the 1,750-point area, with a narrow trading range. Cash flow showed signs of divergence, focusing mainly on banking and oil & gas stocks. Slightly lower liquidity reflects investors’ caution ahead of the Q3 earnings season.
In the short term, the index is still supported around 1,750 points and could move back toward the 1,790–1,800 zone if liquidity improves.

U.S. Stock Market:
U.S. stocks slipped slightly on October 28 as investors awaited key tech earnings and upcoming Q3 GDP data.
The S&P 500 fell 0.4%, the Dow Jones lost 0.3%, and the Nasdaq declined 0.5%.
The 10-year Treasury yield hovered around 3.95%, remaining low amid expectations that the Fed may cut interest rates by year-end.
Gold rose about 0.8%, reflecting growing demand for safe-haven assets.

2. Forex

USD/JPY:
The downtrend remains dominant. A short-term technical rebound may occur, creating selling opportunities in line with the broader trend.
Daily resistance: 152.300

GBP/USD:
The pair maintains a steady bearish bias, supported by expectations that U.K. inflation will continue to cool.
Buying opportunities may appear near the 1.32500 – 1.32700 support zone.

3. Gold (XAU/USD)

Gold prices remained elevated, trading around $4,096/oz after a mild rebound during the Asian session.
The market continues to price in expectations of a Fed rate cut in December and persistent geopolitical tensions in the Middle East.
The main trend remains bullish, but with large price swings. Investors should wait for pullbacks to enter at better levels.

4. Oil (XTI/USD)

Oil prices eased to around $58.20/barrel, pressured by a second consecutive weekly rise in U.S. crude inventories and slower demand in China.
The main trend remains bearish, with potential short setups near the 59.50–60.00 resistance zone.

5. Crypto Market

The cryptocurrency market remains weak.
BTC/USD trades around $106,850, down nearly –1.4% from the previous session.
Selling pressure continues as institutional funds retreat from risk assets, with altcoins underperforming Bitcoin.
Traders should watch the $105,000–107,000 zone and avoid opening new long positions in the short term.

TRADE RECOMMENDATION

Buy CTI (29/10/2025)

Entry: 23,300–23,700 VND
Target 1: 25,500 VND
Target 2: 28,000 VND
Stop loss: 22,700 VND

KEY EVENTS TODAY

7:30 AM – Australia

CPI q/q: 1.3% (forecast 1.1%, previous 0.7%)
CPI y/y: 3.5% (forecast 3.1%, previous 3.0%)
Trimmed Mean CPI q/q: 1.0% (forecast 0.8%, previous 0.6%)

11:05 AM – New Zealand

RBNZ Governor Hawkesby speaks

8:45 PM – Canada

Bank of Canada Monetary Policy Report
BOC Rate Statement
Overnight Rate: 2.25% (forecast 2.50%)

9:00 PM – United States

Pending Home Sales m/m: 1.6% (forecast 4.0%)

9:30 PM – Canada

Bank of Canada Press Conference

DISCLAIMER

The above analysis reflects only the personal views of analyst Tony from Lotus and should not be taken as investment advice.
Lotus provides technical analysis and financial education for learners.
Lotus does not represent any securities or asset management company.
Lotus does not manage clients’ funds.