The gold fever is finally cooling down. According to J.P. Morgan, the unilateral rally has hit a pause button, and we are officially entering a consolidation phase. For a position manager, this is a signal to stop chasing the "moon" and start respecting the boundaries. We are looking at a massive range between $4,264 and $5,150 that could last for months.
The 3D volatility surface tells the real story: short-term panic has f...