Pivot (invalidation): 5.4480
Our preference
Long positions above 5.4480 with targets at 5.4720 & 5.4890 in extension.
Alternative scenario
Below 5.4480 look for further downside with 5.4270 & 5.4100 as targets.
Comment
A support base at 5.4480 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")