VN-Index Holds Above MA200 — Gold Shows Mild Recovery — Oil Surges to $113

Release Time: 08:00, April 7, 2026

Issued by: Ms. Jenny


MARKET OVERVIEW

1. Stock Market

Vietnam Market

The VN-Index opened this week around the 1,694–1,700 range, currently moving sideways after two consecutive correction sessions last week.

A positive signal is that the index continues to hold above the MA(200) — a critical long-term support level — despite macroeconomic pressures (Brent oil above $100 and rising domestic interest rates).

According to Vietstock, market performance for the week (April 6–10) will depend on:

  • The ability to maintain above MA(200)
  • Signals from the upcoming FTSE review

The nearest recovery target is 1,750, but confirmation requires improved liquidity.


US Market

The US stock market remains highly volatile and session-dependent.

  • Early in the week, Dow futures dropped over 500 points due to escalating tensions with Iran.
  • However, on April 6, gold surged above $4,700, and US equities posted their strongest rally in nearly a year, driven by signs of peace negotiations.

The market is currently trading with high sensitivity to White House statements, creating significant two-way risk.


2. Forex

  • EUR/USD:
    Trading around the 1.1500 level after two weeks of consolidation.
    USD is under pressure due to geopolitical uncertainty and mixed Fed signals.
    Short-term outlook: Neutral (awaiting confirmation)
  • USD/JPY:
    JPY is supported by increased safe-haven demand.

    The DXY remains in the 100–102 range, balancing:

    • Strength from strong NFP data (+178K vs forecast 60K)
    • Pressure from prolonged geopolitical risks

3. Gold

XAU/USD is currently trading around $4,640–4,700/oz, after dropping from a peak of $5,600 to $4,500 in March.

On April 6, gold broke above $4,700 alongside a strong rally in US equities — a positive short-term signal.

However, the medium-term trend remains pressured:

  • Weekly MACD is negative
  • Price remains below SMA20 and SMA50
  • Key support: $4,500–4,550
  • Resistance: $4,700–4,800

4. Oil

  • WTI: $113.8/barrel (+2.09%)
  • Brent: fluctuating between $111–113/barrel

Oil surged after Trump posted: “Tuesday, 8:00 PM ET!” without further clarification, raising concerns of escalation.

The Hormuz Strait remains under Iranian control, and a new deadline was set for April 6 (ET).

→ Oil price movements today require close monitoring.


5. Crypto – Bitcoin (BTC)

Bitcoin is holding around $67,000, entering a decision zone:

  • Strong technical foundation
  • Facing resistance

Market sentiment remains cautious due to geopolitical risks.

→ Watch the $67,000–70,000 range for directional confirmation.


TRADING PLAN & OUTLOOK

1. VHM – Vietnam Stock

VHM (Vinhomes) played a key role in supporting the VN-Index recovery last week, hitting the ceiling price and gaining strong market attention.

The Vingroup ecosystem is currently acting as a pillar during this consolidation phase.

  • Buy if price holds above 106,000
    • Entry: 106,000
    • SL: 103,000
    • TP: 120,500


2. XAU/USD – Gold

Gold rebounded strongly from $4,500 to $4,700 on April 6.

If price holds above $4,650 and new geopolitical tensions arise around the Hormuz deadline, gold may continue testing $4,800.

  • Buy Limit XAU/USD
    • Entry: 4,650
    • SL: 4,580
    • TP: 4,820

KEY EVENTS – April 6, 2026

  • All day (GMT+7) – USD
    Trump’s deadline for Iran regarding the Hormuz Strait
    (Expired April 6 ET → early morning April 7 Vietnam time)
    → Monitor early market reactions
  • 19:30 (GMT+7) – USD
    Fed officials’ speeches (rate outlook signals)
  • All week – Vietnam
    FTSE Russell April review → Potential impact on foreign inflows

Note: US markets reopened after Good Friday (April 4).
The first trading session typically sees high liquidity and strong volatility due to accumulated weekend news.


DISCLAIMER

 

  • This analysis reflects the personal opinion of analyst Jenny (Lotus Capital Institute) and should not be considered as investment advice.
  • Lotus provides technical analysis and trading education only.
  • Lotus does not represent any brokerage or asset management firm.
  • Lotus does not manage client funds.