Surprised by the S&P hitting a new high? Not at all. Back in mid-July, I already mentioned that the S&P was most likely in a sideways consolidation phase. In my August 2 video (p1 p2), I even directly pointed out that it was nearing the end of the adjustment phase and was highly likely to break upward. Now, the S&P's movement has delivered exactly as expected. As for XAU (gold), its trend has also initially aligned with expectations. My view remains unchanged (p3 p4). The question now is whether it will break out directly like the S&P or pull off another fake move first. Either way, I believe that when we look back, the outcome will still align with the forecast.