$XAU/USD (XAUUSD.CFD)$
XAUUSD H1
Yesterday, in the early session, as the usd fell short-term, gold hit a new high and refreshed the 2670 level, but was later resisted and fell back. Recently, the main factors affecting gold in the market, apart from the heating up of the rate cut expectations from the Federal Reserve, and the safe-haven sentiment of geopolitical tensions, have led to gold hitting historical highs in the past four trading days. The market is focused on tonight's GDP revision, Powell's public speech on the economic outlook, as well as the results of Friday's PCE data, hoping to find more clues as to whether the Fed will continue to cut rates by 50 basis points in the remaining two rate decisions this year. According to cme data, as of this morning, the market's expectation for a 50 basis point rate cut in the Fed's November rate decision is 57.4%.
Technically, gold has hit new highs for four consecutive days, with strong bullish momentum. Yesterday, after touching the 2650 support twice intra-day, the price rebounded each time, but did not continue to rise above the intraday high of 2670, with the secondary high at 2667. In the short term, a triangle convergence may form above 2650, with a focus on the support at 2650. Be cautious about chasing long positions and guard against top reversal.
Upper resistance at 2660, secondary resistance at 2667, tertiary resistance at 2670.
Lower support at 2650, secondary support at 2637, tertiary support at 2625.
# This recommendation is only general, not considering your specific financial situation and needs. Investment involves risks, please be cautious...

$KHB (0322.MY)$
KHPT mainly produces and sells auto parts domestically, providing services to Proton and Perodua for over 20 years.
The company produces body parts, seat structures, and other components such as shock absorbers and drive plates, selling directly or through their respective first-tier manufacturers to Proton and Perodua.