Will gold continue to reach ATH? What are the signs of an uptrend?

Release Time: 10:00 AM, March 27, 2025

Issuer: Mr. Tony


MARKET OVERVIEW

1. Stock Market:

  • Vietnam Market: The market cautiously approached the resistance zone at 1,340 points before retreating. Decreasing liquidity indicates that capital inflow remains cautious. The corrective movement is not yet complete, with a trading range of 1,315 – 1,340 points. The market may require more time to test the 1,320-point support zone (MA20). If liquidity continues to support, there is potential for a rebound.

  • U.S. Market:

    • Nasdaq Composite declined 2.04%, closing at 17,899 points, as Nvidia shares fell nearly 6%.

    • On March 26, 2025, U.S. stock markets dropped due to concerns over new tariffs.

    • S&P 500 fell 1.12% to 5,712 points.

    • Dow Jones declined 0.31% to 42,455 points.

    • Investor sentiment was affected by concerns over new Trump administration tariffs.

2. Forex Market:

  • EUR/USD is in a short-term uptrend. Buying positions can be considered today. Support: 1.07662

  • AUD/USD is in a short-term uptrend. Buying positions can be considered today. Resistance: 0.63000

3. Gold (XAU/USD):

  • Spot gold is currently priced at $3,027.19 per ounce, increasing by $5.79 (0.19%) from the previous session.

  • Converted to VND based on Vietcombank exchange rates, the global gold price is approximately 92.65 million VND per tael (excluding taxes and fees).

4. Oil:

  • XTI/USD remains in an uptrend, but it is approaching a weekly resistance level. Trading should be limited at this time.

5. Cryptocurrency (Bitcoin):

  • Bitcoin (BTC) is currently priced at $87,498, slightly down by $45 (-0.05%) from the previous session.

  • Over the past 24 hours, Bitcoin has fluctuated between $85,861.46 and $88,292.16.


TRADE STRATEGY & OUTLOOK

1. Gold (XAU/USD):

  • Trend: Bullish

  • Recommendation:

    • Buy at $3,023 - $3,025

    • Stop Loss: $3,020

    • Take Profit: $3,036 - $3,050 - $3,070

2. Vietnam Stocks – VCB (Vietcombank):

  • Recommendation: WAIT TO BUY VCB (March 27, 2025)

  • Entry Zone: 64,000 - 65,000 VND

  • Target 1: 68,500 VND

  • Target 2: 73,500 VND

  • Stop Loss: 60,800 VND


KEY EVENTS TODAY

  • 7:30 PM (USD) – Final Gross Domestic Product (GDP) q/q

  • 7:30 PM (USD)Unemployment Claims


DISCLAIMER

 

  • The above analysis represents the personal opinions of analyst Tony from Lotus and should not be considered as financial advice for real market participation.

  • Lotus provides only technical analysis and trading education for students.

  • Lotus does not represent any brokerage firm or asset management company.

  • Lotus does not manage students' funds.