Nonfarm Payrolls Imminent: Gold Soars, US Stocks Boom - Bitcoin "Dormant" Awaiting the Storm?

Release Time: 10:00 AM, June 6, 2025 Publisher: Mr. Leon

1. Stock Market:

Vietnam Market: The market remains sluggish but finds support at the support zone and forms a Hammer candlestick. Liquidity has decreased, reflecting a cautious sentiment around the resistance level of 1,335–1,350 points. Sideways trading may continue if the market doesn't show a clear signal. If it breaks above 1,350 points with good liquidity, the previous uptrend could extend.
US Market: The S&P 500 rose 0.85% to 6,021.55 points, while the Nasdaq Composite led the gains with 1.53%, closing at 19,758.26 points. The Dow Jones Industrial Average also saw a positive increase of 0.51%, reaching 42,645.86 points. The rally was driven by technology stocks and expectations that the Federal Reserve (Fed) will soon cut interest rates, after economic data showed inflation trending lower.

2. Foreign Exchange:

EUR/USD: Uptrend. Today, buy positions can be considered. Resistance: 144.300
USD/JPY: Downtrend. Today, sell positions can be considered. Support: 1.14310

3. Gold:

Current Price: 3,362.89 USD/ounce, up +0.3% from the previous session, continuing its upward trend for the week.
Reasons for Increase: Weak US economic data (such as unemployment claims reaching a 7-month high) have reduced the USD's strength, while US-China trade tensions show no signs of easing. This leads to increased demand for gold – a safe-haven asset.
Forecast: The market is awaiting the US Nonfarm Payrolls report. The results could be the next catalyst, pushing gold above 3,400 USD if the figures are low, or causing it to "evaporate" if the figures exceed expectations.

4. Oil:

5. Bitcoin:

Current Price: Trading around 104,800 – 105,300 USD, close to yesterday's closing price, with a slight gain of ~+0.2%.
24-hour Performance: Saw a slight decline of ~3% to ~101,650 USD (CoinGecko data on June 6), but has now recovered to ~104,800 USD.
Analysis Cycle: Bitcoin is in an accumulation and consolidation phase around the 105k USD region. The market is waiting to see if it will test resistance at 106–107k with new capital inflow, or if it might correct to the 101–102k range if support is broken.

1. EUR/USD

2. Vietnam Stock: POW

Recommendation: BUY POW (June 06, 2025), entry price 13,400 - 13,700 VND, Target 1: 14,700 VND, Target 2: 15,800 VND, Cut Loss: 12,900 VND.

7:30 PM - USD:
- Average Hourly Earnings m/m
- Non-Farm Employment Change
- Unemployment Rate

The above analysis represents 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.

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