Pivot (invalidation): 6.0400
Our preference
Short positions below 6.0400 with targets at 5.9390 & 5.8680 in extension.
Alternative scenario
Above 6.0400 look for further upside with 6.0890 & 6.1390 as targets.
Comment
The RSI is bearish and calls for further downside
(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")