Gold Edges Up as USD Weakens and Safe-Haven Demand Increases

Release Time: 10:00 AM, May 20, 2025

Issuer: Mr. Leon

MARKET OVERVIEW

  1. Stock Market:
  • Vietnam Market: The market remains in a correction trend, with declining liquidity and cautious cash flow. Buying interest only appears at low price levels, while foreign investors continue to be net sellers. However, the 1,290 point area is acting as temporary support, and the market may recover due to positive developments in the past.
  • US Market: The US market continued its upward momentum yesterday (May 19th), with the S&P 500 index increasing by 0.09% to 5,963.58 points, and the Dow Jones rising by 0.32% to 42,792.07 points. The increase was supported by optimistic sentiment regarding trade and positive economic data, with technology stocks continuing to lead the trend.
  1. Foreign Exchange:
  • USD/JPY is in an upward trend. Buying positions can be considered today. Daily support: [Note: The support level was missing in the original text.]
  1. Gold:
  • Spot Gold Price: Trading at approximately $3,213 per ounce, a slight increase compared to the previous session.
  • Reason: The global gold price edged up due to a weaker USD and increased safe-haven demand.
  1. Oil:
  • XTI/USD is in an upward trend. Buying positions can be considered today. Daily support area: 61.50.
  1. Bitcoin:
  • BTC/VND Price: Approximately 2.815 billion VND/BTC, with a 24-hour high of 2.838 billion VND and a low of 2.708 billion VND.
  • Market Sentiment: Bitcoin continues its upward trend, surpassing the $105,000 mark, driven by the recovery of the cryptocurrency market and optimistic investor sentiment.

TRADING PLAN & ANALYSIS

  1. EUR/USD
  • Trend: Upward
  • Recommendation: Buy at 1.12420, Stop Loss: 1.12220, Take Profit: 1.12820
  1. Vietnam Stocks: VIB
  • Recommendation: BUY VIB (May 20, 2025), Entry Price: 17,300 - 17,700 VND, Target 1: 19,000 VND, Target 2: 20,500 VND, Stop Loss: 16,900 VND.

KEY EVENTS TODAY:

  • 13:00 - GBP: CPI y/y

DISCLAIMER

  • The above analysis represents the personal opinion of analyst Leon from Lotus and should not be considered as a basis for actual market participation.
  • Lotus only provides technical trading analysis and trading knowledge training to students.
  • Lotus does not represent any securities company or asset management company.
  • Lotus does not manage funds for students.