On the first trading day after the Spring Festival, gold prices indeed rose again—this "must rise during the Spring Festival" pattern has once again proven true this year, almost becoming a fixed script.

Yesterday, Monday, gold prices started around 5100 and steadily climbed, reaching as high as 5249 by the close, with quite a strong momentum. But today, Tuesday, the early trading suddenly changed tone. At the same 9 o'clock mark, yesterday saw a rally, but today experienced a small sharp decline, with the lowest dipping to 5145.

My view is very straightforward: don’t aggressively chase the lows, and don’t blindly wait for deep dips. 5120 is only a minor support level. If you keep waiting for this level to move, you risk missing out, just like yesterday, watching the market take off without you. Currently, after a series of daily gains, the first red candle appears. The key is whether the 5100 starting point can hold. If it breaks effectively, the entire bullish momentum will need to be reassessed.

The midday strategy is very clear: defend at 5140, watch for a rebound after a test and stabilization; if it breaks below 5140, then wait for the 5120-5100 zone and consider gradually accumulating on dips.