Macron has won in a landslide victory so any le pen uncertainty...

Macron has won in a landslide victory so any le pen uncertainty that has been priced in gold will be all but diminished. CNBC also reports the le penn trade turned out to be even bigger than the trump trade so has been even worse for gold than when trump won. Add to this a June rate hike - I don't see any upside what so ever for at least another month or two but the downside looks very aggressive already gapping down this morning.

We all know that lately the gold price ALWAYS does the opposite so who knows perhaps all the good news for the markets turns out good for gold too instead of the traditional inverse correlation. For some reason though I doubt it this time I hope I'm proven wrong though...