
Turning down
(By Swissquote TRADING CENTRAL)
Pivot (invalidation): 16.4600
Our preference
Short positions below 16.4600 with targets at 16.2500 & 16.1800 in extension.
Alternative scenario
Above 16.4600 look for further upside with 16.5500 & 16.6300 as targets.
Comment
The RSI is bearish and calls for further downside.

![[iVISTscalp5]: TSI — Timing Strength Index [iVISTscalp5]: TSI — Timing Strength Index](https://c.mql5.com/6/1015/splash-preview-772243.png)
![[XAUUSD]: Weekly Liquidity Activation Points (LAP), July 6 - July 10, 2026 [XAUUSD]: Weekly Liquidity Activation Points (LAP), July 6 - July 10, 2026](https://c.mql5.com/6/1015/splash-preview-772241.png)