Pivot (invalidation): 109.10
Our preference
Short positions below 109.10 with targets at 108.75 & 108.50 in extension.
Alternative scenario
Above 109.10 look for further upside with 109.40 & 109.75 as targets.
Comment
A break below 108.75 would trigger a drop towards 108.50.
(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")