The analysis provides an H4 update for Gold (XAUUSD) for January 15, 2026. The current price is $4,612, with a daily high of $4,623 and an all-time high (ATH) of $4,641.7, and a daily low of $4,580. The H4 and Daily trends are bullish, but the H1 trend indicates a bearish intraday correction. Identified resistance levels are $4,650, $4,700, and $4,800, attributed to ATH supply, psychological levels post-breakout, and H4 measured-move projections, respectively. Key support zones are at $4,600 (immediate breakout retest), $4,550 (previous ATH flipped into demand), and $4,500 (major H4 structure and institutional demand). Gold has broken above $4,601 and $4,641 ATHs and is retesting this breakout zone. A short-term sell volume of 57% is interpreted as healthy profit-booking. The bullish breakout remains valid above $4,550. Fundamental factors include DXY at 99.5 suggesting a completed pullback and short-term USD bullishness, which exerts intraday pressure on gold. However, negative PPI is gold supportive, and US-Venezuela geopolitical tensions foster safe-haven demand, limiting deep downside. The primary bullish scenario anticipates continuation towards $4,650, $4,700, and $4,800. A bearish scenario is contingent on an H4 close below $4,500, potentially extending to $4,450-$4,400, which would be a correction rather than a trend reversal. A swing buy limit signal was suggested at $4,595 and $4,580, with a stop loss at $4,560 and profit targets ranging from $4,625 to $4,710.