Pivot (invalidation): 110.45
Our preference
Long positions above 110.45 with targets at 110.95 & 111.20 in extension.
Alternative scenario
Below 110.45 look for further downside with 110.15 & 109.90 as targets.
Comment
The RSI is bullish and calls for further upside
(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")