Gold surged strongly after the US released CPI data

Release Time: 10:00 AM, March 13, 2025

Issuer: Mr. Tony


MARKET OVERVIEW

  1. Stock Market:

    • Vietnam Market: The market maintains an upward trend but shows signs of contention. Caution is advised due to the appearance of a Shooting Star pattern. Liquidity has slightly increased, indicating rising profit-taking pressure as the market reaches new highs. At the same time, resistance is strengthening as the market approaches the 1,350-point level, which may pose challenges in the upcoming sessions. Any potential correction is likely to be a rebalancing move following the recent rally and could attract additional supportive cash flows.

    • US Market: US stocks continue to decline sharply due to concerns over trade policies. The S&P 500 dropped 0.76%, and the Dow Jones lost 478 points. The VIX index rose to 28, reflecting market uncertainty. Investors should remain cautious amid market volatility.

  2. Forex:

    • USD/JPY: After yesterday's CPI news, USD/JPY shows signs of short-term weakening. Today, short-selling positions may be considered.

    • GBP/USD: Following the CPI news, GBP/USD experienced selling pressure but has since rebounded and maintains a strong upward trend. Today, long positions may be considered.

  3. Gold:

    • XAU/USD spot price rose 0.7% to $2,935.59/oz, maintaining a strong upward momentum after the US CPI data release.

  4. Oil:

    • Yesterday, XTI/USD completed the formation of a short-term bottom and shows signs of upward movement. Today, short-term buy positions may be considered, with support at 66.8.

  5. Bitcoin:

    • BTC/USD remains relatively stable after a sharp decline over the past two weeks, with few positive signals for the market. However, short-term buy positions may be considered.


TRADING PLAN

  1. BTC:

    • Trend: Bullish

    • Recommendation: Buy at 82,000–83,400, Stop Loss: 80,200, Take Profit: 90,700–92,000

  2. Vietnamese Stocks: CTD

    • Recommendation: Buy CTD (March 12, 2025) at 83,000–86,000 VND, Target 1: 93,000 VND, Target 2: 100,000 VND, Stop Loss: 79,800 VND


 

KEY EVENTS TODAY

  • 7:30 PM (GMT): US Dollar: PPI Index Release

  • 7:30 PM (GMT): US Dollar: Unemployment Claims Data


DISCLAIMER

  • The above analysis represents the personal views of analyst Tony from Lotus and should not be considered a basis for actual market participation.

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

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

  • Lotus does not manage clients' funds.