The analysis for January 15, 2026, presents a market outlook for Gold (XAUUSD) and the US Dollar Index (DXY) on an H4 timeframe. Gold's current price is approximately $4,614, following a recent fresh all-time high of $4,641.7 and a daily swing low of $4,597. The H4 and Daily trends for Gold are assessed as bullish, while the H1 trend is identified as bearish, suggesting a short-term corrective phase within the broader uptrend. The market is currently in a healthy pullback and consolidation phase after the all-time high breakout. Resistance levels for Gold are set at $4,650 (post-ATH extension and short-term supply), $4,700 (psychological level), and $4,800 (H4 measured-move projection). Support zones include $4,600 (immediate breakout retest support), $4,550 (previous ATH flipped into demand), and $4,500 (strong H4 structure and institutional demand base). The DXY is observed in a pullback mode around 99.0, with a bullish H1 trend indicating temporary pressure on gold. Fundamental factors, such as negative PPI data and ongoing geopolitical risks, are seen as supportive for gold as a safe-haven asset, limiting downside. The primary bullish scenario for Gold expects continuation above $4,550, targeting levels at $4,650, $4,700, and $4,800. Conversely, a bearish scenario, indicating a deeper correction rather than a trend reversal, would activate if the H4 closes below $4,500, potentially extending the pullback towards $4,450-$4,400. Short-term selling volume is at 73%, perceived as profit-taking rather than a breakdown in the bullish structure. The market is retesting the breakout zone between $4,550-$4,600, and the bullish structure remains intact as long as the price holds above $4,550.