Gold below 200 day average.At the end of the broad sideways trend throughout 2018, a reasonably well developed bear flag pattern developed. When the US dollar rallied upwards overnight, gold lost the 200 day average and found support ot the trend line connecting through to th December 2016 lows. Over the last couple years, whenever gold dips below the 200 ma, it usually has not stayed there for more than a few days. One concern for gold is there will be an interest rate increase in June. Anyways what might happens next may require another day or two to see what the reaction from this level is...
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