If FED sould has no rate cut. The gold and gold stocks would be free drop;
If FED sould has a 0.25% of rate cut, which is likely odd. MM would not be happy because the run-up of gold and gold stocks in past two weeks have already count in. he gold and gold stocks would drop a lot;
If FED sould has a 0.5%% of rate cut (this odd is low), which is already priced in the gold sectors. MM would take profit. The gold and gold stocks would drop as well;
If FED sould has a 0.75%% of rate cut (this odd is almost impossible), which would be supricesd. Only in this case, the gold and gold stocks would go up a huge.
This is what is happening in the gold stocks