Good morning on September 2! Spot gold has remained in a range-bound downtrend from yesterday through today, falling from 4661 to 4322 and covering a full 339-point range. We have been calling for shorts all the way, and the market also met expectations, with four consecutive short wins totaling 248 points and 18,000 U in profit.
$XAU Mingyuan September 2 morning: Short near 4360–4380, targeting around 4315–4295–4250.

Bad Boy Watch, Issue 3 Update, 26.9.01 (UTC+8) 8:45
Figure 1: SPCX daily candlestick chart
Today’s closing price was 143.690, with an intraday high of 144.135 and a low of 139.880.
Big Rocket has displayed an old-timer vibe throughout its trading days over the past week or so: low volume and modest gains. But regardless, it is still continuing to rise, although more than 300 million shares will be unlocked again next week. Of course, market reactions may become increasingly insensitive.
Specifically, the 145 high ground is still relatively important. Taking this position will be a crucial step toward challenging the 165 high ground afterward.
Figure 2: BTC daily candlestick chart
The Bad Boy has been waiting for Bitcoin to pull back to the downtrend line, but Bitcoin still looks strong based on today’s closing price action. The Federal Reserve’s remarks last week caused no ripples for BTC. So the only thing the Bad Boy can think of is that the Fed may raise interest rates in September. If it unexpectedly raises rates in September, it will certainly deal a heavy short-term blow to BTC, U.S. stocks, and all other risk assets. Of course, whether a rate hike will come still needs to be monitored continuously. What we need to do remains the same...