The market has just hit a significant resistance line ( line R1) which has not been breached for over a year. Additionally the is indicating the short-term market is over-valued. The 100 MA can also be considered a resistance line. The fed's announcement will either trigger the stop or send gold toward testing $1270 again.
about the stops, they tried a customary early hours raid in thin market conditions early this am with 10,000 at market sell order on COMEX that hit the price $13 but it went no lower, artificial paper supply has all been bought up! zoom out and you will see an inverted head and shoulders you are selling into. Good luck ! Another COMEX pit close above 50 day SMA and add to that a Fed announcement of an extra $10 billion in stimulus will have the short scrambling. Prospect of $1560 gold should make your knees tremble.