Tallasatree

Hi All, my first post here. Hope this is the appropriate section for this topic. So I'm new to metal detecting. Bought a Minelab X-Terra Pro a week ago. I live on an old farm dating back to the mid-late 1800's or so. Figured I'd learn in my back yard and maybe find something special. Things were going ok, apart from realizing how much iron trash there is on an old farm, but last night after the first rain in a few weeks things went south. Both the X-Terra and my pointer were telling me there were targets everywhere, I mean literally everywhere. Almost lost my mind after a few digs of finding nothing, not even a nail, just red soil...even a handful of it triggered my pointer. Is this a thing? Too high in iron content making my soil nearly impossible to hunt? I'd love to hear anyone's similar experiences and/or tips for success. Here's the first something special I did find during the dry spell. Late 1800's I think? Almost looks as though it went through a fire, which lines up with what history I know of the place.