Pivot (invalidation): 110.80
Our preference
Short positions below 110.80 with targets at 110.25 & 110.00 in extension.
Alternative scenario
Above 110.80 look for further upside with 111.10 & 111.40 as targets.
Comment
The break below 110.80 is a negative signal that has opened a path to 110.25.
(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")