WTF Just Happened...

Nothing in particular, it is price action based purely on technicals

solomontrack

Jan 29, 2026 9:48am

$1,790,000,000,000(trillion) has been wiped out from the GOLD (XAUUSD) market cap in just 40 minute

Jan 29, 2026 9:51am

Quoting Trader#6CC6

Disliked

Nothing in particular, it is price action based purely on technicals

Ignored

7% drop. profit taking?

Fxsamy

Jan 29, 2026 9:53am

Quoting Trader#AAD3

Disliked

Perhaps because the European Union has designated Iran’s IRGC as a terrorist organization.

Ignored

That doesn't even have the power to remove 1 pip from gold

Ryang123

Jan 29, 2026 9:55am

One of the largest wholesalers for Silver and Gold bullion paused ALL buying to help their processors get caught up. As soon as they posted that on their site, silver/gold took a plunge. That may or may not be the reason but it definitely didn't help.

David2555

Jan 29, 2026 11:53am

Quoting Ferna

Disliked

Hold sinners!! I told you where true value lays... The days of piling up cash is soon gone, and CBDC will represent your worth! Your true value is within yourself and god. Money and greed is the temptations of satan. Let this be a lesson to you. https://www.youtube.com/watch?v=xcLpD5lMMJg

Ignored

wase of my internet to translate these crap sentense

DanGold

Jan 29, 2026 10:24am

Quoting Trader#6CC6

Disliked

{quote}Price action, it will crash more

Ignored

Overall stock market is tanking as well, which is usually strange to see if save haven assets also tank.

Markets (and BTC) tanked because Trump called for lower interest rates and senate is about to vote for partial governement shutdown.

Lots of governemnt workers usually take out money from investments because they will not get paid with that shutdown.

In the event of markets tanking, major investors tend to close save havens like gold, especially if they are so much up, to cover the other losses.

Similar things happened during events like COVID and Brexit.

Dutchy Daxy

Jan 29, 2026 12:09pm

Quoting David2555

Disliked

{quote}wase of my internet to translate these crap sentense

Ignored

He is an idiot

Newtrader025

Jan 29, 2026 11:23am

Quoting Trader#6CC6

Disliked

Nothing in particular, it is price action based purely on technicals

Ignored

No it's not! Never!

Jan 29, 2026 10:02am

jjust BUY!

Jan 29, 2026 10:31am

Quoting barbones

Disliked

When the broker tells you to learn technical analysis because all the fundamentals are in the price. ME - WTF happened!!! I didn't learn this pattern!

Ignored

TA is fine for well-behaved very liquid things in an environment where exogenouse market-moving events are few and far between. Let me know when we get back there...

The Fool

Jan 29, 2026 10:41am

Quoting DanGold

Disliked

{quote} Overall stock market is tanking as well, which is usually strange to see if save haven assets also tank. Markets (and BTC) tanked because Trump called for lower interest rates and senate is about to vote for partial governement shutdown....

Ignored

a bit of a stretch. Mostly just skittishness on tech earnings and profit-taking around ath across all indices. With Trump threatening to bomb Iran and bad weather etc etc, maybe a good time to sell b4 the weekend. Idk but I'd bet there will be a deal to avoid another shutdown, probably late Friday.

micho

Jan 29, 2026 10:38am

I sent this to my friend at 22:20 european time last night so go figure

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Jan 29, 2026 9:46am

good bloody question.!!!

jegas

Jan 29, 2026 10:40am

Action First {Market Crash} Reaction Next (Reason of the market crash) Nobody know the Reason,each one told each statement ,what they belive actually they loss their money ,but belive that Reason.

I think its pure manipulation ,
Liquidity sweep
Before they start the Big Game its just a teaser, big bang coming very soon.

Jan 29, 2026 10:53am

Quoting PriceIsRight

Disliked

These have been the easiest markets to trade in if you know what you're doing. Today's drop in price had price action written all over the charts. Your lagging indicators are just that, lagging indicators. Sadly, almost everyone of you will not survive, but you signed the same contract I did, and I thank you all.

Ignored

Not sure you can say that drop on gold was predictable with price action. You're guessing the loto numbers after the draw, but i do agree it's been weirdly easy to trade these last few months for as crazy as that sounds.

DanGold

Jan 29, 2026 10:20am

Quoting Trader#6CC6

Disliked

Nothing in particular, it is price action based purely on technicals

Ignored

Absolutely untrue.

Trump threw out a post calling for interest rate cuts while the US Sentate is due to vote for a partial government shutdown.

Markets tumbled due to this and to cover the losses and fees, save haven assets were sold to cover the rest. This was absolutely not technical lol.

DanGold

Jan 29, 2026 4:35pm

Quoting The Fool

Disliked

{quote}a bit of a stretch. Mostly just skittishness on tech earnings and profit-taking around ath across all indices. With Trump threatening to bomb Iran and bad weather etc etc, maybe a good time to sell b4 the weekend. Idk but I'd bet there will be a deal to avoid another shutdown, probably late Friday.

Ignored

Corrections and sell-offs are normal, obviously. Thursday was aboslutely not normal.

Market open sent gold up for 200dollars/oz in a matter of hours. I honestly haven't seen 50dollar 1minute candles often but they were there. What is normal is that after a big sure, a big plunge usually comes, which had some catalysts (the ones I think I commented earlier).

Nevertheless, we can not say this was a 'normal' technical event because it has no precedent, the last time something similar happened in such a short time span was when COVID arrived to the West.

Nonetheless, overall fears of things like Iran getting bombed will likely cause metals to rise again, I do wonder if we're gonna see ATH's anytime soon or if this will be the start of prolonged stagnation below previous ATH (5600ish)

barbones

Jan 29, 2026 10:26am

When the broker tells you to learn technical analysis because all the fundamentals are in the price.
ME - WTF happened!!! I didn't learn this pattern!

simon2005

Jan 29, 2026 11:42am

Quoting PriceIsRight

Disliked

These have been the easiest markets to trade in if you know what you're doing. Today's drop in price had price action written all over the charts. Your lagging indicators are just that, lagging indicators. Sadly, almost everyone of you will not survive, but you signed the same contract I did, and I thank you all.

Ignored

Show me your TA then for XAUUSD, noone could expect that drop, it wasn't just price action cuz it happened on a lot of different assets, you are just flexing

Superputeri

Jan 29, 2026 9:49am

Oh its smart money thats reloading...so..

Trader#6B07

Jan 29, 2026 9:54am

One of the largest wholesalers for Silver and Gold bullion paused ALL buying. As soon as they posted that on their site, silver/gold took a plunge. That may or may not be the reason but it definitely didn't help.

mohan1699

Jan 29, 2026 10:15am

Ladies and their gentlemen, the reversal to 6000 is here.

Ishaqzeb78

Jan 29, 2026 10:46am

Gold erased $3 trillion in 60 minutes.
That is the entire market cap of crypto

The Fool

Jan 29, 2026 10:22am

There's been a lot of skepticism recently re: the massive capex by the megacap tech names. I was surprised it didn't start with META yesterday, who said they'd be spending $125 bio this year.

The Fool

Jan 29, 2026 10:38am

big ER today is AAPL. AAPL is not doing the massive capex AI builds and if they get a decent beat, I could see NDX retracing most of this drop tomorrow

Bakker

Jan 29, 2026 11:37am

Retracing a lot already, tomorrow it will look way better.

Bakker

Jan 29, 2026 11:49am

It was orchestrated. look at the chart below.

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Nordling

Jan 29, 2026 1:12pm

Quoting Ferna

Disliked

Hold sinners!! I told you where true value lays... The days of piling up cash is soon gone, and CBDC will represent your worth! Your true value is within yourself and god. Money and greed is the temptations of satan. Let this be a lesson to you. https://www.youtube.com/watch?v=xcLpD5lMMJg

Ignored

Take your religious propaganda elsewhere, we are here to trade. Not here to listen to some degen preacher

Jan 29, 2026 10:09am

Pure Manipulation!

Jan 29, 2026 3:30pm

It depends on your system, as your system that.

Jan 29, 2026 9:48am

Rithmic comms are cooked too!!! cannot handle the load!?

Jan 29, 2026 10:04am

Maybe because this as well?
Was an excuse to flush:
"Thune Says Shutdown Talks Are Going In 'Right Direction'" - no shutdown?

QTraders

Jan 29, 2026 3:14pm

Funny, I had gold at my ideal sell levels yesterday :-). Looks like a dead ca bounce though.

limprobable

Jan 29, 2026 11:06am

A drop? What drop? Gold will close above yesterday's opening price!

Jan 29, 2026 10:18am

no really, what happened?

Jan 29, 2026 1:01pm

Quoting Newtrader025

Disliked

{quote} No it's not! Never!

Ignored

they always say that. Next time lets see them all announcing it before it happens

riko3

Jan 29, 2026 10:21am

iT's called Liquidation! have you heard of it

Jan 29, 2026 9:53am

6200 im coming

Jan 29, 2026 5:00pm

Quoting Trader#6D71

Disliked

thats the market for you lol

Ignored

I will send this message to the guys from JP Morgan dealing desk, to forget everything, to start over.

BDfx77

Jan 29, 2026 12:58pm

Quoting Bakker

Disliked

It was orchestrated. look at the chart below. {image}

Ignored

your chart always past,

PriceIsRight

Jan 29, 2026 10:49am

These have been the easiest markets to trade in if you know what you're doing. Today's drop in price had price action written all over the charts. Your lagging indicators are just that, lagging indicators. Sadly, almost everyone of you will not survive, but you signed the same contract I did, and I thank you all.

chaoshydra

Jan 29, 2026 9:53am

somepeople have enough... there out the market and gonna buy an island fat away to see the atom bomb flew over.... ;-)

Momofrmnyc

Jan 29, 2026 10:17am

Someone did a quick reset and said let's get back in. Maybe profit taking, but it definitely doesn't feel like it. Maybe some news will drop later.

Ksth

Jan 29, 2026 9:57am

Gold crash back to 4786

Trader#6CC6

Jan 29, 2026 9:51am

Quoting solomontrack

Disliked

$1,790,000,000,000(trillion) has been wiped out from the GOLD (XAUUSD) market cap in just 40 minute

Ignored

That is profit taking, and it will retrace a bit more.
Gold hit the 261% Fibo last night on the yearly trend at 5390 so this is due, and it is not over yet

Trader#86A0

Jan 29, 2026 9:53am

didnt know there was news today rip

AjayJagtap

Jan 29, 2026 10:48am

Quoting Trader#6CC6

Disliked

Nothing in particular, it is price action based purely on technicals

Ignored

which type of drugs do you take bro? 3-7% drop across all assets based on pure PA on technical basis.....lol

clarktunes

Jan 29, 2026 11:11am

Quoting Ferna

Disliked

Hold sinners!! I told you where true value lays... The days of piling up cash is soon gone, and CBDC will represent your worth! Your true value is within yourself and god. Money and greed is the temptations of satan. Let this be a lesson to you. https://www.youtube.com/watch?v=xcLpD5lMMJg

Ignored

Money and greed is 1000% the agenda of all Trumps decisions.....all day everyday, unless its just petty ego, which motivates his evil as well....... Oh, and of course fighting to keep the priesthood from mandatory reporting of sex abuse from confessions...... Any real believer knows him by his works!

abhi933

Jan 29, 2026 11:44am

$802.3M Liquidated in last 24 Hours.

Long Liquidation : $693.2M

Short Liquidation : $109.1M

Trader#F519

Jan 29, 2026 2:19pm

Quoting Trader#6CC6

Disliked

Nothing in particular, it is price action based purely on technicals

Ignored

It's mad that 95% of people think that these are the causes of the markets moving. Funny how its the same 95% who lose money huh.

Jan 29, 2026 10:24am

I guess it started with MS, i hope the US tech giants all crash with the AI crap. The US deserves and so do I.

Jan 29, 2026 9:53am

sell-off

Jan 29, 2026 10:24am

45mn for 445p die young

edeslu

Jan 29, 2026 9:56am

It's the end of the world as we know it....

Ij.wells

Jan 29, 2026 9:46am

Indeed wtf just happened

Trader#AAD3

Jan 29, 2026 9:46am

Perhaps because the European Union has designated Iran’s IRGC as a terrorist organization.

bryannjane

Jan 29, 2026 9:48am

jpyx is bullish asf dxy is bullish asf

Trader#6CC6

Jan 29, 2026 9:48am

The retracement is not done yet

Jan 29, 2026 9:49am

Hmmm

Jan 29, 2026 9:51am

Price action

Jan 29, 2026 9:51am

I went to a stop loss on BTC and gold, but to a take profit on EURUSD.

Trader#FDB3

Jan 29, 2026 9:54am

manipulation like Mehta ji

Marvii

Jan 29, 2026 9:55am

Fucken Hell!!!! Almost everything is red!!

F4rhaan

Jan 29, 2026 9:56am

Is gold gonna go up again or selling off again?

mohan1699

Jan 29, 2026 10:03am

My opinion is if it breaks through 5257, it's reversal move

Jan 29, 2026 10:06am

Yo-yo

Jan 29, 2026 10:10am

why btc crashing too tho

onajo

Jan 29, 2026 10:11am

Quoting Trader#C86E

Disliked

I looked away for one second

Ignored

fo reals need to kms now

Maggfx

Jan 29, 2026 10:20am

Everywhere was scattered

Nafeesbhatti

Jan 29, 2026 10:21am

Will the price of gold rise or fall going forward?

Trader#6CC6

Jan 29, 2026 10:25am

I am writing for the 3rd or 4th time, nothing happened, it is profit taking and price action based on technicals. The metals will retrace up a bit then down to make a new low then we can think of buying again later

Trader#81EA

Jan 29, 2026 10:30am

Quoting barbones

Disliked

When the broker tells you to learn technical analysis because all the fundamentals are in the price. ME - WTF happened!!! I didn't learn this pattern!

Ignored

You're looking at the wrong timeframe.

Trader#6CC6

Jan 29, 2026 10:34am

Quoting DanGold

Disliked

{quote} Absolutely untrue. Trump threw out a post calling for interest rate cuts while the US Sentate is due to vote for a partial government shutdown. Markets tumbled due to this and to cover the losses and fees, save haven assets were sold to cover the rest. This was absolutely not technical lol.

Ignored

if you say so

Jan 29, 2026 10:40am

I was here!

Jan 29, 2026 10:51am

nfp next week will be fascinating

Skaibluee

Jan 29, 2026 10:53am — Edited

it's good cuz i had my SL on B/E

, crazy moves out of nowhere

Mayraj

Jan 29, 2026 11:03am

Quoting Trader#81EA

Disliked

{quote} You're looking at the wrong timeframe.

Ignored

LOL Sme man.

David2555

Jan 29, 2026 11:35am

I didn't expect that but i have very good price action explanation fot it
that move hit my sl by the way

abhi933

Jan 29, 2026 11:48am

GOLD Crash from $5,550 to $5,100

Jagtar

Jan 29, 2026 12:14pm

Trump is thinking that he is sinking. But let me tell you this is an ecological balance
I have no clear view. But our past was the best time

Trader#34E0

Jan 29, 2026 1:07pm

Yeah, I was just getting ready to buy gold (futures), all day, like I always do, when that happened....

I'm fairly new to trading, but I didn't think that was normal. Thank God fpr S/L.

Guess I'll have to actually trade some other stuff now.

luckyboy94

Jan 29, 2026 5:03pm

got enough balance to buy the dip

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Trader#7018

Jan 29, 2026 8:27pm

get used to the volatility boys and girls. This is nothing. There is so much money out there shloshing around that no one has any clue how nutso this is going to get with a nutcase in the desk of the USA. The biggest crash of a lifetime is coming up some day.

Trader#2A5C

Jan 29, 2026 9:51am

Wtf happened

Trader#7B0B

Jan 29, 2026 9:52am

Where do we think the real NASDAQ and S&P500 support will be?

Trader#6CC6

Jan 29, 2026 9:53am

Quoting LightchaserG

Disliked

{quote} 7% drop. profit taking?

Ignored

Yep and will go down more, don't buy yet

Trader#F048

Jan 29, 2026 9:53am

Bitcoin

Trader#6097

Jan 29, 2026 9:53am

What did you go under?

Trader#E6DD

Jan 29, 2026 9:54am

Quoting LightchaserG

Disliked

Rithmic comms are cooked too!!! cannot handle the load!?

Ignored

Rithmic is garbage, just like all your posts. Teton or nothing.

Trader#A3DB

Jan 29, 2026 9:54am

Market crash

Trader#E0CB

Jan 29, 2026 9:55am

Y'all don't get it, they are redirecting assets into gold. And btc it's the only way. So they had to manipulate it close to 5000 so they can buy. This is purely a manipulative measure by the big dogs

Trader#6CC6

Jan 29, 2026 9:55am

Don't buy metals yet, it will go down more... only my opinion, feel free

Trader#CE51

Jan 29, 2026 9:56am

It is what it is

Trader#FB7D

Jan 29, 2026 9:57am

they couldn't even keep up with the chase

Trader#6CC6

Jan 29, 2026 9:57am

Quoting F4rhaan

Disliked

Is gold gonna go up again or selling off again?

Ignored

Yes it is probably going up again but don't buy yet. It will retrace more

Trader#3CDD

Jan 29, 2026 9:58am

Have fun...

Trader#7764

Jan 29, 2026 9:58am

Starting ath again waiting for the end of 2026

Trader#6CC6

Jan 29, 2026 10:06am

I will not buy now, it is too early

Trader#5869

Jan 29, 2026 10:06am

Possible Government Shutdown tomorrow causing this?

Trader#C86E

Jan 29, 2026 10:09am

I looked away for one second

Trader#6CC6

Jan 29, 2026 10:10am

Quoting Newtrader025

Disliked

Pure Manipulation!

Ignored

Pure price action

Trader#6CC6

Jan 29, 2026 10:13am

Quoting onajo

Disliked

why btc crashing too tho

Ignored

Price action, it will crash more

Trader#BE0A

Jan 29, 2026 10:16am

Reasoning behind this?

Trader#0C08

Jan 29, 2026 10:22am

This crazy gold

Trader#D6BC

Jan 29, 2026 10:23am

i guess market salute to Powell hardwork for last working days

Trader#6D71

Jan 29, 2026 10:31am

thats the market for you lol

Trader#990D

Jan 29, 2026 10:40am

insider

Trader#FE80

Jan 29, 2026 10:50am

XAUUSD

Trader#A7D6

Jan 29, 2026 10:52am

Guys, remember when there's a big drop followed by a big rise?

Trader#42FF

Jan 29, 2026 11:29am

crashing

Trader#5827

Jan 29, 2026 12:05pm

End of month only. Banks only make a proffit. Look on the last month ends... nice dip.

Trader#7D3B

Apr 10, 2026 10:29pm