Release Time: 10:00, March 23, 2026
Author: Ms. Jenny

MARKET OVERVIEW

1. Stock Market

• Vietnam Market:
  The market rebounded after a sharp decline but quickly reversed upon reaching the 1,740 resistance level, pushing the VN-Index back to retest the previous bottom near the MA(200) around 1,648 points. Selling pressure stems from both technical factors and macro conditions such as rising oil prices and increasing interest rates. In the short term, the reaction at MA(200) will be decisive: holding above this level could support a rebound, while a breakdown may lead to a deeper decline toward the 1,575-point area.

• U.S. Market:
  U.S. equities showed a mixed and slightly corrective performance following the previous rebound, as investors remained cautious amid interest rate outlook and economic data. Specifically, the S&P 500 fell about 0.4% to around 6,690 points, the Dow Jones declined ~0.3% to approximately 46,850 points, while the Nasdaq dropped ~0.6% to near 22,300 points. Selling pressure was concentrated in the technology sector as bond yields remained elevated, indicating that the market is still in a technical correction phase with limited short-term upside momentum.

2. Forex

• EUR/USD: Continues to face downside pressure, trading around 1.1450–1.1500 and maintaining a bearish trend as the USD remains strong due to expectations of prolonged high interest rates.

• USD/JPY: Remains above 158, with the uptrend intact, though signs of consolidation and volatility are emerging due to potential intervention from the BOJ.

3. Gold

Gold is trading around $4,500–4,750, remaining in a medium-term downtrend. A mild technical rebound is emerging near support levels, but it is not yet sufficient to reverse the primary bearish trend.

4. Oil

Oil prices are trading around $105–110, maintaining elevated levels. However, momentum is slowing, with potential for short-term corrections due to profit-taking, while the medium-term trend remains bullish.

5. Crypto – BTC

Bitcoin is trading around $65,000–67,000, still below the previous support zone. The bearish trend remains dominant, with the market in a weak consolidation phase following the breakdown and limited capital inflows.

TRADING PLAN

XAU/USD

• Sell Limit XAU/USD

• Entry: 4560

• Stop-loss: 4590

• Take-profit: 4370

KEY EVENTS TODAY

• 19:45 – USD – FOMC Member Miran Speaks

• 21:00 – USD – Construction Spending m/m

• 22:00 – EUR – Consumer Confidence

DISCLAIMER

• The above analysis reflects the personal opinion of analyst Jenny from Lotus and is not a basis for actual trading decisions.

• Lotus provides technical analysis and trading education only.

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

• Lotus does not manage client funds.