Gold – January Supply Zone Assessment (Monthly Context)GoldOANDA:XAUUSDshailogoldGold – January Supply Zone Assessment Date: January 2, 2026 Context: As Gold transitions into the January trading cycle, price is approaching a technically and structurally sensitive area within the higher-timeframe framework. January often acts as a positioning and evaluation phase rather than a clean directional expansion month, making zone reaction more relevant than directional bias. Key Observation: The 4353 – 4358 region represents a defined supply evaluation zone for January. This area aligns with prior upside acceptance limits and reflects a zone where upside momentum is expected to be tested rather than extended impulsively. This assessment is not based on a single price reaction, but on: • Monthly structural positioning • Cycle-based behavior at the start of the year • Zone interaction rather than point prediction Invalidation / Acceptance: If price achieves sustained acceptance above the 4362 – 4366 range, the January supply thesis will be considered invalid. Such acceptance would indicate continuation rather than distribution and would require a full reassessment of the monthly structure. Notes: This outlook is scenario-based and intended for market documentation and historical tracking. It does not represent a trading signal or directional recommendation. Prepared by: ShailoGold – Gold Market Analyst #Gold #XAUUSD #MacroContext #MonthlyStructure #SupplyZone #ShailoGold