Pivot (invalidation): 5.4970
Our preference
Short positions below 5.4970 with targets at 5.4490 & 5.4230 in extension.
Alternative scenario
Above 5.4970 look for further upside with 5.5160 & 5.5290 as targets.
Comment
A break below 5.4490 would trigger a drop towards 5.4230.
(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")