US30 Hourly - Watching 53700-53750 Range Closely

Been looking at $US30 on the hourly this morning, and the 53700-53750 zone is really sticking out to me. We've seen a few rejections there over the last couple of days, and it's starting to look like a minor pivot point. Currently trading around 53791.85, just above that range, but the intraday low of 53746.43 touched it earlier.

My take is if we can get a sustained break and hold above 53800 with some conviction, then a push towards the day's high of 54222.85 might be on the cards. However, if it dips back below 53700 and fails to recover quickly, especially on increased volume, then I'd be looking at a retest of the lower part of the current range, perhaps towards 53500. The risk that invalidates this whole thought process is a sudden, sharp move in either direction that just blows through these levels without any respect. A big fundamental catalyst could easily make this technical read irrelevant. Just my observations, keen to hear if anyone else is seeing the same setup.