Tuesday Short-term Strategy: Continue to be bullish. The price has stabilized around 4600, and we can adopt a "cyclical dip buying" strategy. The key resistance zone is at 5000-5100 (the 0.5 retracement of the downward wave). If the price breaks through this area today, it will confirm the end of the correction phase, and gold prices will enter a high-level sideways consolidation pattern.

Fully recovering the decline from $1200 is difficult in the short term: firstly, the space is too large; secondly, the news sentiment has eased (despite the partial US government shutdown being favorable for gold). Geopolitical tensions are also temporarily calm, so the market is more likely to follow a "advance three steps, retreat one" rhythm. For trading, it is recommended to be flexible with layout and participate in batches. Waiting for the price to return above 5500 may take a long time.

In summary, the overall outlook remains bullish, but the process will be a volatile upward trend. Focus on the breakthrough of the 5000-5100 resistance zone, mainly buy on dips during pullbacks, and reduce positions near strong resistance areas. Maintain flexibility in the trading rhythm.