Gold Benefits from Tensions, VN-Index and Bitcoin Test Key Levels

English Translation

Release Time: 10:00 AM, June 03, 2025
Released by: Mr. Leon

Vietnam Market: The market is currently receiving support with the appearance of a Hammer candlestick pattern and decreasing liquidity, indicating that selling pressure is easing and cash flow is still maintaining support. This signal, combined with the previous uptrend, may help the market recover and test the 1,345-point region in the near future. However, this resistance zone still carries potential pressure and will play an important role in determining the market's next direction.
US Market: The US stock market saw a slight increase, despite escalating trade tensions between the US and China. The S&P 500 index rose 0.4% to 5,935.94 points, the Dow Jones increased 0.1% to 42,305.48 points, and the Nasdaq gained 0.7% to 19,242.61 points.

EUR/USD: Uptrend, today sees a short-term downward correction. Daily support: 1.14100
USD/JPY: Downtrend, today sees a short-term upward correction. Daily resistance: 143.300

World gold prices rose sharply: Spot gold at $3,386.68/ounce (up +$96.9, equivalent to +2.65%) and settled at $3,362/ounce according to Kitco.
Reason: World gold prices increased sharply due to Trump's tariff impacts on the steel industry and current conflicts.

At the time of update, BTC/USD is trading around $105,884.7, up approximately +0.17% from yesterday.
The BTC/USD price range this morning remains around $105,800 – $106,000.
Technical analysis shows that BTC is in a recovery phase after breaking the short-term uptrend channel, currently testing the resistance zone around $105,865; if broken, it could advance to the target of $112,500; otherwise, it will correct back below $95,205.

Trend: Uptrend
Recommendation: Wait to buy at 1.13854, stop loss 1.13654, take profit: 1.14797

Recommendation: BUY SSI (June 03, 2025), entry price 23,400 - 23,800 VND, target 1: 25,300 VND, target 2: 27,000 VND, stop loss 22,700 VND.

The above opinions represent only the personal views of analyst Leon from Lotus and should not be used as a basis for actual market participation.
Lotus only provides technical trading analysis and trading knowledge training for its students.
Lotus does not represent any securities company or asset management company.
Lotus does not manage students' funds.