Pivot (invalidation): 5.4500
Our preference
Short positions below 5.4500 with targets at 5.3970 & 5.3755 in extension.
Alternative scenario
Above 5.4500 look for further upside with 5.4790 & 5.5080 as targets.
Comment
As Long as 5.4500 is resistance, expect a return to 5.3970.
(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")