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FX.co ★ Wednesday Market Review: Gold's Crazy Surge, Euro Reversal & Bitcoin Drop for January 21 2026.

Wednesday Market Review: Gold's Crazy Surge, Euro Reversal & Bitcoin Drop for January 21 2026.

In today’s market review for January 21st, we analyze the incredible moves in Gold, which rallied over 27,000 points since the start of the week. Is this the climax before a reversal? We discuss the potential impact of Donald Trump's speech in Davos.

We also look at the reversal in EUR/USD after a strong impulse, the setup for GBP/USD targeting 1.35, and the bearish outlook for Bitcoin ("Bit Huin") as it breaks the long trend. Oil continues its upward march, targeting double tops.

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