đ° In 2024, the price of gold has reached an "extreme" level, according to analysts, being 15% above its 200-day moving average.
This situation is rare and has occurred only 8 times in the last 40 years, which could indicate a downward correction in the short term to allow for a healthier long-term upward trend.
đ The rise in gold is driven by several factors, including the reduction of interest rates by the US Federal Reserve, the escalation of the conflict between Israel and Iran, the economic crisis in China and the growing level of debt in the United States.
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