Pivot (invalidation): 1.1585
Our preference
Short positions below 1.1585 with targets at 1.1550 & 1.1535 in extension.
Alternative scenario
Above 1.1585 look for further upside with 1.1605 & 1.1620 as targets.
Comment
The break below 1.1585 is a negative signal that has opened a path to 1.1550.
(By Swissquote TRADING CENTRAL)
![[iVISTscalp5]: TSI — Timing Strength Index](https://c.mql5.com/6/1015/splash-preview-772243.png "[iVISTscalp5]: TSI — Timing Strength Index")
![[XAUUSD]: Weekly Liquidity Activation Points (LAP), July 6 - July 10, 2026](https://c.mql5.com/6/1015/splash-preview-772241.png "[XAUUSD]: Weekly Liquidity Activation Points (LAP), July 6 - July 10, 2026")