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Entry $XAUUSD short at 4154.56, retest of dynamic ascending channel's upper boundary merging with 200 EMA. Declining seller delta at RSI 54.0 signals waning bullish momentum. Target 1, 4105.06, aligns with channel's midpoint and 50 EMA. Invalidation above 4187.56, invalidates bearish bias and channel structure
63.466: today's price level is significant, having rejected sellers on prior attempts, now flipping as support. that resistance-turned-support retest, coupled with a bullish engulfing pattern on 4hrs, signals a strong buying opportunity. targeting a run up to 64.965, where the next resistance hovers, as price momentum builds. stop tight at 62.467 invalidates this longs, just below support.
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