Pivot (invalidation): 109.50
Our preference
Short positions below 109.50 with targets at 109.00 & 108.80 in extension.
Alternative scenario
Above 109.50 look for further upside with 109.70 & 109.95 as targets.
Comment
The break below 109.50 is a negative signal that has opened a path to 109.00
(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")