Analyst: The "hot炒式 pump" of gold is still ongoing.

Jin10 data reported on October 8, LPL Financial analyst Adam Turnquist stated that from a Technical Analysis perspective, the “pump” of gold continues. The chief technical strategist pointed out that the $4000 per ounce mark is close to the resistance level of the upper band of the long-term rising price channel. Turnquist specifically mentioned that if gold prices break through this channel, it will constitute a bullish signal, indicating that the current accelerated upward trend is likely to continue. However, if it fails to break through the resistance level, it suggests that the “pump” of gold may need to pause or experience a pullback. Turnquist further stated that if the breakout fails, gold prices will first gain support from the 20-day moving average.