Pivot (invalidation): 1296.00
Our preference
Long positions above 1296.00 with targets at 1302.00 & 1304.50 in extension.
Alternative scenario
Below 1296.00 look for further downside with 1293.00 & 1290.00 as targets.
Comment
The RSI calls for a rebound.
(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")