Pivot (invalidation): 1.1220
Our preference
Long positions above 1.1220 with targets at 1.1245 & 1.1265 in extension.
Alternative scenario
Below 1.1220 look for further downside with 1.1200 & 1.1175 as targets.
Comment
A support base at 1.1220 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")