Attachments: Gold with No Drama

Gold with No Drama

#32,241
Jan 30, 2026 11:30am Jan 30, 2026 11:30am

Soloharbinge
| Joined Aug 2025 | Status: Trader | 235 Posts | Online Now

Damn, accounts are getting blown off as we speak

#32,242
Edited 11:50am Jan 30, 2026 11:30am | Edited 11:50am

Haks
| Joined Jan 2023 | Status: Trader | 482 Posts

Quoting JackintheBox

Disliked

{quote} That is true but the dollar amount is incredible. It is a difference if it goes up 10% on 70$ or 20% down on 118$. I'm not sure how often such a move appear in History on such a huge instrument. I think the old guys cannot remember either. It puts everything in shadow last 20 years I think. It must be whole states behind that. I hope that is not starting the war even more between the west and BRICS. In 2011 we had also an escalation on silver but it took weeks to take it down that much. Now ONE DAY. That is a new level. I really wonder what...

Ignored

You make good points. However, the way I see it is this way. When something goes up so much in a short amount of time, the correction is often brutal. You’d usually see weeks or months of consistent upward movements but all it takes is a day or two to drop more than 10%. Whatever goes up crazy will drop even harder, you just need to be ready to take advantage. That’s why I’ve been shorting Gold since late December hoping to catch a day like today or yesterday but unfortunately lost close to £20k doing so. I just timed it completely wrong thinking there was no way it could carry on pumping the way it was for weeks. The big players are also aware that us retail traders are mostly going long and they sensed an opportunity to destroy us.

I’m honestly not surprised with this correction at all. It is necessary and healthy in any case and my hope is that we close around 49xx today. And if we do, my strategy is to go long next week (of course depending on the geopolitical situation during the weekend)

#32,243
Jan 30, 2026 11:33am Jan 30, 2026 11:33am

Janistie
| Joined Aug 2025 | Status: Trader | 11 Posts

Will this gold volatility stop

#32,244
Jan 30, 2026 11:34am Jan 30, 2026 11:34am

Inspiro
| Joined May 2025 | Status: Trader | 7 Posts

Quoting sunilpawar

Disliked

I wish same volatility is maintained by gold throughout the year

Ignored

I'm getting too much slippage on Xauusd. How do you manage it? Getting too much of it on exness.

#32,245
Jan 30, 2026 11:37am Jan 30, 2026 11:37am

louiiey
Joined Nov 2025 | Status: Trader | 608 Posts

I found a nice spot to scalp and traded it loads for good profit then it started breaking range and my setup kept getting triggered into bad trades and now I’m a stones throw away from my daily loss limit. That’s where impatience gets you. See you next week.

#32,246
Jan 30, 2026 11:40am Jan 30, 2026 11:40am

FrogFX
| Joined Jul 2025 | Status: Trader | 32 Posts | Online Now

this bad boy might actually go to 4800 digusting stuff...

#32,247
Jan 30, 2026 11:42am Jan 30, 2026 11:42am

epzero
Joined Oct 2019 | Status: Trader | 1,132 Posts

Gold just wanna take back all the profit made over the months because this is absolutely madness , almost 6000pips fall in a day

#32,248
Jan 30, 2026 11:44am Jan 30, 2026 11:44am

Haks
| Joined Jan 2023 | Status: Trader | 482 Posts

Quoting epzero

Disliked

Gold just wanna take back all the profit made over the months because this is absolutely madness , almost 6000pips fall in a day

Ignored

Yup. So many traders were in long positions for the past few weeks. It’s taking absolutely everything back and more with no remorse

#32,249
Jan 30, 2026 11:45am Jan 30, 2026 11:45am

sunilpawar
Joined Aug 2010 | Status: Trader | 1,262 Posts

612 USD range
I think 300 USD should be retracement, if it stops here

The Phoenix Trader....

#32,250
Jan 30, 2026 11:46am Jan 30, 2026 11:46am

Raventine
Joined Aug 2020 | Status: Zeroing In on Chaos | 2,008 Posts

Full rejection W1, this is it, this is the correction for overbought

not small one, this could make gold back to 4k lol 0.0 4k
4k8 comming in short

Will is the most powerful weapon in the world.

#32,251
Jan 30, 2026 11:47am Jan 30, 2026 11:47am

Haks
| Joined Jan 2023 | Status: Trader | 482 Posts

Never ever thought we’d see a 6000+ pips movement in a day. Just regretting taking profits yesterday when I shorted from 5590. But can’t be too mad, it could have been much worse I guess

#32,252
Jan 30, 2026 11:49am Jan 30, 2026 11:49am