The analysis, presented on January 16, 2026, focuses on Gold (XAUUSD) and the US Dollar Index (DXY), highlighting key technical levels and market sentiment. For XAUUSD, both H4 and Daily trends are identified as bullish, with an H1 bearish correction noted. The current Gold price is stated as $4,599. Primary resistance levels are expected at $4,640-$4,650, $4,700, and an H4 expansion target of $4,800. Support levels are identified at $4,580-$4,560, $4,500, and $4,430. The bullish scenario remains valid as long as the price holds above $4,550. A breakout below $4,500 would invalidate this outlook and suggest a bearish pullback towards $4,450-$4,400. For DXY, currently at 99.3, a bullish momentum is anticipated following a potential pullback to the 99.00-99.10 area. The analysis considers geopolitical tensions between the US and Venezuela as a factor supporting safe-haven demand for gold. It also notes typical Friday market behavior, including profit-booking and potential fake breakdowns, urging caution. Sell volume is stated to be 100% in the short-term.