Market Review March 02: Gold’s Breakaway Gap vs. Bitcoin’s Complex Correction

Release Time: 10:00 AM, March 02, 2026 Analyst: Mr. Loki

MARKET OVERVIEW

1. Stock Market:

Vietnam Market: The VN-Index is experiencing increased hesitation as it approaches the 1,900 mark, evidenced by a Doji Star pattern and improved liquidity, signaling profit-taking pressure at higher levels. The recent rally was mainly driven by mid-cap and small-cap stocks, characterized by high volatility and short-term risks. The market is expected to test the 1,860–1,920 range before establishing a clearer trend.

US Market: In the Feb 27 session, Wall Street faced heavy selling pressure due to geopolitical concerns, hot inflation, and rising risks in the tech sector. Major indices declined simultaneously: S&P 500 fell ~0.4% to ~6,879; Nasdaq Composite dropped ~0.9% to ~22,668; Dow Jones fell ~1.1% to ~48,978. The Russell 2000 recorded the sharpest drop (~1.7%). This marked the steepest February decline in a year as "risk-off" sentiment spread.

2. Foreign Exchange (Forex):

USD/JPY: Main trend is sideways. Daily Resistance: 156.800; Daily Support: 155.500. Consider a short position if price breaks below the daily support.

AUD/USD: Main trend is bearish. Daily Resistance: 0.77500; Daily Support: 0.76700. Consider a short position if price breaks below the daily support.

3. Gold:

Action & Structure: Gold saw aggressive price action this morning with a Breakaway Gap, surging from the 5,280 consolidation zone to a peak of 5,380, currently retracing slightly around $5,351. Breaking out of the Darvas Box (5,130 - 5,280) with a large gap indicates a strong catalyst (large capital inflow or black swan event), causing a massive short squeeze.

Momentum: The Triple Stochastic indicator is pegged in the Overbought zone (above 80). In this "Runaway Gap" phase, the high reading confirms extreme Bullish Momentum rather than a reversal signal.

4. Oil:

XTI/USD: Main trend is sideways. Resistance: 75.10; Support: 63.70. Consider a short position if price breaks below support.

5. Bitcoin:

Action & Structure: Contrasting with Gold, Bitcoin is in a Complex Correction. After failing to test the supply zone around 69,000, price has made lower highs, currently trading near $66,348.

Momentum: Triple Stochastic signal lines are heading down toward the Oversold zone (below 20). No momentum divergence has appeared yet, suggesting short-term selling pressure still outweighs demand.

RECOMMENDATIONS:

EUR/USD: Sell Stop at 1.17500 | SL: 1.18300 | TP: 1.16000