Pivot (invalidation): 1.2965
Our preference
Long positions above 1.2965 with targets at 1.3005 & 1.3045 in extension.
Alternative scenario
Below 1.2965 look for further downside with 1.2935 & 1.2900 as targets.
Comment
A support base at 1.2965 has formed and has allowed for a temporary stabilisation.
(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")