Pivot (invalidation): 1205.50
Our preference
Short positions below 1205.50 with targets at 1195.50 & 1189.50 in extension.
Alternative scenario
Above 1205.50 look for further upside with 1208.50 & 1211.00 as targets.
Comment
As Long as 1205.50 is resistance, look for choppy price action with a bearish bias.
(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")