Day before yesterday gold price touched 5600 now it's ~4800 insane!!! damn i don't hear a trumpet cause the world might just be ending 
{image}
- #32,265
- Jan 30, 2026 12:00pm Jan 30, 2026 12:00pm
- Joined Aug 2010 | Status: Trader | 1,269 Posts
The Phoenix Trader....
- #32,267
- Jan 30, 2026 12:02pm Jan 30, 2026 12:02pm
- Joined Aug 2020 | Status: Zeroing In on Chaos | 2,011 Posts
Will is the most powerful weapon in the world.
- #32,269
- Jan 30, 2026 12:04pm Jan 30, 2026 12:04pm
It might as well just drop to 4600 
this is crazy! The people complaining about gold bullish momentum being too much, hope y’all can see the bearish momentum too. Literally bled $800 in a day
I’m still betting on bullish momentum for next week. Today is profit taking and nothing more. I don’t believe this is a reversal in trend, there is absolutely nothing going on to warrant gold dropping below 4400 on the long run.
I did mention on Tuesday that I expected gold to take profit from 5500 and drop to at least 4800. Ngl, looking like we might touch 4600+ before this weekend
this is crazy! The people complaining about gold bullish momentum being too much, hope y’all can see the bearish momentum too. Literally bled $800 in a day I’m still betting on bullish momentum for next week. Today is profit taking and nothing more. I don’t believe this is a reversal in trend, there is absolutely nothing going on to warrant gold dropping below 4400 on the long run.
I did mention on Tuesday that I expected gold to take profit from 5500 and drop to at least 4800. Ngl, looking like we might touch 4600+ before this weekend
- #32,270
- Jan 30, 2026 12:07pm Jan 30, 2026 12:07pm
I couldn't resist, I bought it for 4800
I’m waiting till the last 30m candle for end of this week’s session to buy ahead of next week. Something tells me, USA & Isreal will make there move this weekend. I mean we all know Trump likes to make big moves over the weekend so that his pals can setup there trades early on Sunday night 
- #32,274
- Jan 30, 2026 12:08pm Jan 30, 2026 12:08pm
- Joined Jun 2025 | Status: Trader | 1,845 Posts
{quote} Gold has broken below the rising trendline and key support near 5050 showing clear bearish momentum. As long as price stays below the trendline, downside toward 4915 and 4800 looks likely with extended targets near 4300 if bearish pressure continues.{image}{image}
Patience
- #32,275
- Jan 30, 2026 12:09pm Jan 30, 2026 12:09pm
- Joined Aug 2020 | Status: Zeroing In on Chaos | 2,011 Posts
150pips from my top most post at the ATH
Will is the most powerful weapon in the world.
- #32,277
- Jan 30, 2026 12:11pm Jan 30, 2026 12:11pm
- Joined Aug 2010 | Status: Trader | 1,269 Posts
The Phoenix Trader....
- #32,279
- Jan 30, 2026 12:13pm Jan 30, 2026 12:13pm
- Joined Jun 2025 | Status: Trader | 1,845 Posts
Patience
