Options Traders Display Caution As Gold Bulls Gun For $4000Gold FuturesCOMEX_DL:GC1!CityIndexWith gold trading less than $120 from the $4,000 milestone, it would be rude not to test that key level. While market positioning suggests a move beyond it is possible, options traders appear to be bracing for higher volatility — or even a pullback. Matt Simpson, Market Analyst at City Index