Market Review Jan 19: Gold's Classic Shakeout vs. Bitcoin's Sell-off.

Release Time: 10:00, January 19, 2025

Issued by: Mr. Loki

1. Stock Market:

Vietnam Market: The market recovered and retested the 1,900-point mark but was temporarily resisted and cooled down, with declining liquidity indicating a stall in cash flow upon hitting resistance. The Shooting Star candle signal reflects cautious sentiment, potentially leading to short-term fluctuations or a pullback to retest support demand. Any correction is considered technical, helping the market rebalance around 1,850 before challenging 1,900 again in the mid-to-long-term trend.
US Market: On January 16, Wall Street ended the week slightly in the red following a strong rally earlier in the week as earnings season began. The Dow Jones fell ~0.17% to ~49,359, the S&P 500 slipped ~0.06% to ~6,940, and the Nasdaq Composite dropped ~0.06% to ~23,515, despite gains in semiconductors and some tech stocks. This reflects a balance between profit-taking and new capital seeking opportunities after recent record highs.

2. Foreign Exchange (Forex):

USD/CHF: Dominant trend is bullish. Daily Resistance: 0.80400; Daily Support: 0.79800. Consider a short position (Sell) if the price breaks below the daily support.
EUR/USD: Dominant trend is bearish. Daily Resistance: 1.16400; Daily Support: 1.15800. Consider a long position (Buy) if the price breaks above the daily resistance.

3. Gold:

Movement: Gold experienced a classic "Shake out." After dipping to $4,596, buyers aggressively entered, driving a V-shaped recovery to $4,660.
Structure: The trendline has shifted from Red to Green, confirming buyers have regained control. The recent long bullish candle has engulfed the previous decline, opening the door to challenge the old peak at $4,680.

4. Oil:

XTI/USD: Dominant trend is bullish. Daily Resistance: 60.00; Daily Support: 58.90. Consider a short position (Sell) if the price breaks below the daily support.

5. Bitcoin:

Movement: In stark contrast to Gold, BTC is facing heavy sell-off. Price broke through support levels, falling straight to $92,502.
Structure: The trendline has turned Red and is sloping downward, acting as a "ceiling" suppressing the price. Every minor recovery is being met with relentless selling from the Bears.

The above analysis represents the personal views of analyst Loki (Lotus) and is not a basis for actual market participation.
Lotus only provides technical analysis and trading education for students.
Lotus does not represent any securities or asset management companies.
Lotus does not manage funds for students.