Gold is trading within a narrow range, and a breakout in trend is imminent.

Release Time: 10:00 AM, July 18, 2025
Published by: Mr. Tony


MARKET OVERVIEW

1. Stock Market

  • Vietnam Market: The market continues its uptrend, surpassing the 1,480 threshold with improving liquidity, indicating strong capital inflows absorbing profit-taking pressure. This positive signal opens the possibility for further upward movement; however, the psychological resistance at 1,500 may trigger short-term selling pressure. The market is expected to fluctuate around this level depending on supply-demand dynamics in upcoming sessions.

  • U.S. Market: On July 17, U.S. markets extended their strong rally, reaching new all-time highs across the three major indices. Closing figures:

    • S&P 500 rose by 0.52% to 6,297.36

    • Nasdaq rose by 0.71% to 20,884.27

    • Dow Jones rose by 0.53% to 44,484.49
      The main driver was the better-than-expected June retail sales growth of 0.6% and a decline in jobless claims, indicating a resilient U.S. economy.

2. Forex

  • USD/JPY: Short-term downtrend. Selling opportunities today. Daily resistance: 148.750

3. Gold

  • Spot Gold is trading around $3,340.02/oz.
    Gold is currently valued in the $3,340–$3,345/oz range with low volatility, reflecting stable demand and the influence of the USD and bond yields.

4. Oil

  • XTI/USD: Downward trend. Short positions can be considered today. Daily resistance: $67

5. Crypto

  • BTC/USD: Current price ~ $120,096, up +$1,620 (+1.37%) from the previous day.
    Intraday range: $117,715 – $120,691.
    Trading volume remains high, with continued support from institutional capital. Sentiment is positive, although resistance at the $120k–122k zone remains a challenge.

TRADE IDEAS

  1. Vietnam Stock - PVS
    Recommendation: BUY PVS (18/07/2025)

    • Entry: 33,000 – 33,500 VND

    • Target 1: 36,000 VND

    • Target 2: 39,800 VND

    • Stop loss: 31,300 VND

  2. NZD/USD
    Trend: Uptrend
    Recommendation:

    • Buy at: 0.59567

    • Stop loss: 0.58838

    • Take profit: 0.61156

KEY EVENTS TODAY

5:30 AM – USD

  • FOMC Member Waller Speaks

6:30 AM – JPY

  • Core CPI y/y:

    • Actual: 3.3% | Forecast: 3.4% | Previous: 3.7%

10:00 AM – NZD

  • Credit Card Spending y/y:

    • Actual: Pending | Previous: 2.2%

1:00 PM – EUR

  • German PPI m/m:

    • Actual: 0.1% | Forecast: -0.2%

3:00 PM – EUR

  • Current Account:

    • Actual: €34.8B | Forecast: €19.8B

3:15 PM – EUR

  • German Buba President Nagel Speaks

7:30 PM – USD

  • Building Permits:

    • Actual: 1.39M | Forecast: 1.39M

  • Housing Starts:

    • Actual: 1.29M | Forecast: 1.26M

9:00 PM – USD

  • Preliminary UoM Consumer Sentiment:

    • Actual: 61.4 | Forecast: 60.7

  • Preliminary UoM Inflation Expectations:

    • Actual: 5.0%

DISCLAIMER

  • The above analysis reflects the personal views of analyst Tony from Lotus and should not be used as a basis for real-world trading.

  • Lotus provides technical analysis and trading education only.

  • Lotus does not represent any securities or asset management companies.

  • Lotus does not manage funds on behalf of students.