In the early hours of trading on January 13th, the global gold market is witnessing a significant uptickSpot gold holds steady just below the four-week highs, currently trading at approximately $2,687 per ounceThe previous week saw a continuation of this upward trend, with gold prices reaching an intra-day peak of $2,697.87—the highest point recorded since December 12thThe closing price from the last session settled at $2,689.13. Market analysts attribute this surge to escalating uncertainties surrounding newly introduced government policies which have heightened the demand for safe-haven assets like goldSurprisingly, even though the U.SLabor Department released stronger-than-expected employment data, which might indicate a potential restraint on aggressive Federal Reserve rate cuts this year, investors remain focused on gold as a reliable store of value amid turbulent economic news.

The Labor Statistics Bureau reported that in December, non-farm payrolls blossomed by 256,000—marking the highest growth rate since March

Revisions to prior data revealed that the increases in October and November were actually 8,000 less than initially reportedAs the economy added 256,000 jobs last month—surpassing economists’ predictions of a 160,000 gain and holding steady with an unemployment rate of 4.1%—the report injected a dose of optimism into market sentimentHowever, concerns loom over President-elect promises to levy higher tariffs on imported goods and deport millions of undocumented immigrants, a scenario that frightens investors and stirs inflation worries potentially affecting economic stability.

As January 20th approaches, anxiety builds among investors regarding impending tariffs on a broad array of importsThis could contribute to a surge in inflation, riskier financial climates, and further restrict the Federal Reserve’s capacity to relax interest ratesSuch looming threats have simultaneously bolstered gold's appeal as a hedge against economic instability and inflationary pressures.

When analyzing the gold market movements for January 13th, we note that trading began around $2,670, indicating an upward trajectory throughout the Asian and European trading sessions

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Nevertheless, upon the U.Ssession opening, significant negative fallout from the non-farm payroll data triggered a sharp decline down to the crucial support level of $2,664. Following this dip, the price rallied dramatically, reaching a new intra-day peak of $2,698, ultimately closing strongly with a solid bullish trend.

On the daily chart, the Bollinger Bands are exhibiting a flattening trend, with the price now oscillating near the upper bandThe MA5 and MA10 moving averages are showing a divergence trend approaching the middle band, while the MACD histogram signals a strong volume uptickHowever, the KDJ indicator has crossed downward, positioning gold temporarily at a resistance level that could generate short-term declinesTraders are advised to look for a drop in prices today while keeping an eye out for potential upward reversals.

Gold trading strategies for January 13th suggest selling positions around the $2,690 to $2,692 range

With a protective stop loss set at $6.50, targets should aim for $2,676 down to $2,640. Additionally, sellers should be ready to act if prices approach $2,708 to $2,710, with similar stop losses and targeting the $2,700 to $2,692 regionConversely, buying opportunities might be viable around $2,640 to $2,642 with a stop loss of $6.50 aiming for upward targets of $2,653 to $2,660.

Shifting focus to the silver market for the same day, the price action opens around $30, witnessing an initial sequence of upward movement during Asian and European hoursHowever, upon the U.Ssession commencement, unfavorable data entries triggered a rapid decline to $29.95 before a sharp recovery brought prices to $30.65 before a pullback occurred, culminating in a minor bullish closing patternObserving the daily chart, the Bollinger Bands are aligning in a neutral trend, with the moving averages also stabilizing at the middle level

The MACD histogram demonstrates a decrease in momentum, and the KDJ indicator has crossed downward, indicating potential bearish sentiment in the near future while traders gear up for strategic sell-offs upon price rebounds.

The trading recommendations for silver advocate short-selling near $30.52 to $30.67, maintaining a stop loss at $30.87 with aims to fall to $30, $29.42, and $29. Alternatively, if prices test around $31.23 to $31.28 post any pullbacks, advisable selling positions can be opened with a stop loss of $31.52. On the contrary, should the price decline towards $29.45 to $29.55, establishing long positions would be justified with an aim for upward moves towards $30 to $30.53.

When examining the crude oil market under the same analytical lens, yesterday’s trading opened at approximately $74.3. After a slight dip to support near $74, a solid rebound ensued, leading to a continuous bullish run during European and American sessions, with prices hitting a new high near $77.78. The trading day concluded robustly, evidencing a considerable bullish sentiment dominating the market

In line with this, the daily chart reveals that the Bollinger Bands are trending upwards, with standing price patterns at the upper band, corroborated by upward movement in the MA5 and MA10 indicatorsThe MACD histogram reflects a strengthening volume trend consolidation, indicating a favorable long-term outlook for crude oil as bullish traders continually seek entry points for buying on the dips.

Crude oil trading recommendations for January 13th propose long positions near $76.8 to $77, with stop losses at $76, targeting towards $78, $79.3, and eventually $80. In situations where prices fall towards $75.5 to $75.7, similar buying strategies come into play, with a protective stop at $74.5, targeting upwards to $76.8 and $78. On the other hand, any upward movement testing $80 to $80.3 presents a potential opportunity to enter short positions, reinforced by a stop loss of $81.2, implementing target corrections down to $79 and $77.8.