It’s always interesting to see technical indicators at work. Gold is hitting a key resistance level before the FED’s announcement tomorrow. If there’s ever a make-or-break moment, it’s likely this week.

gold-chart

GLD, GDX, GDXJ Straddles expiring this Friday are priced for a large move with the 125.5 GLD Straddling priced at $2.10 on Monday’s close implying a move ¬†~$10 either¬†direction.