Pivot (invalidation): 0.7270
Our preference
Short positions below 0.7270 with targets at 0.7235 & 0.7215 in extension.
Alternative scenario
Above 0.7270 look for further upside with 0.7300 & 0.7315 as targets.
Comment
The RSI is bearish and calls for further downside
(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")