Pivot (invalidation): 110.40
Our preference
Short positions below 110.40 with targets at 110.05 & 109.85 in extension.
Alternative scenario
Above 110.40 look for further upside with 110.65 & 110.80 as targets.
Comment
As Long as 110.40 is resistance, look for choppy price action with a bearish bias.
(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")