Fed “Taps the Brakes” – Gold & Bitcoin Remain Flat – VN Stocks Bounce on Technical Support

Release Time: 10:00 AM, July 31, 2025
Publisher: Mr. Leon

MARKET OVERVIEW

1. Stock Market:

  • Vietnam:
    The market rebounded thanks to support at the MA(20) zone around 1,480 points, forming a Hammer candle that signals an effort to support after strong profit-taking. Liquidity, while lower, remained high – indicating ongoing capital inflow. However, this rebound appears mostly technical, aiming to retest supply near the 1,536 resistance level.

  • U.S.:
    S&P 500 fell slightly by 0.1% to 6,362.90, Dow Jones lost 0.4% to 44,461.28, while Nasdaq edged up 0.1% to 21,129.67.
    The Fed kept rates at 4.25–4.50%. Chair Powell emphasized no rate cuts in September, lowering market expectations. U.S. markets are now in mild accumulation mode, reflecting a wait-and-see attitude toward the Fed’s policy stance and upcoming economic reports. The next trend depends heavily on monetary policy moves and macroeconomic developments.

2. Forex:

  • USD/JPY: Uptrend. Buy positions can be considered. Daily support: 148.600

  • GBP/USD: Downtrend. Sell positions can be considered. Daily resistance: 1.33100

3. Gold:

According to APMEX, spot gold is priced around $3,309.60/oz, up +0.54% in the last 24 hours (Ask: $3,309.60 / Bid: $3,288.60).
Kitco charts show gold fluctuating around $3,291.10/oz with a similar gain.

Summary: Gold is trading in the $3,290 – $3,310/oz range, slightly up ~0.5% today, reflecting safe-haven demand and the impact of U.S. bond yields.

4. Oil:

  • XTI/USD: Uptrend. Buy positions can be considered. Daily support: 70.00

5. Bitcoin:

According to CoinMarketCap, Bitcoin is priced between $118,238 – $118,261, with a modest gain of +0.25% in the past 24 hours.
TradingView shows the price at $118,129, down slightly by −0.03% from the previous day.

Summary: BTC is trading around $118,150 – $118,260 with mild ±0.3% volatility, showing stability after a technical recovery.


RECOMMENDATIONS

  1. USD/JPY

  • Trend: Bullish

  • Buy at 148.700

  • Stop loss: 148.220

  • Take profit: 149.662

  1. Vietnam Stock - TV2
    Buy recommendation for TV2 (as of 31/07/2025)
    Entry: 39,300 – 40,300 VND
    Target 1: 43,000 VND
    Target 2: 47,000 VND
    Stop loss: 37,400 VND


TODAY’S NOTABLE EVENTS:


DISCLAIMER

 

  • The above analysis reflects the personal opinions of analyst Leon from Lotus and does not constitute investment advice.

  • Lotus provides trading technical analysis and trader education only.

  • Lotus is not affiliated with any brokerage or asset management firm.

  • Lotus does not manage client funds.