Pivot (invalidation): 2803.50
Our preference
Long positions above 2803.50 with targets at 2838.50 & 2856.00 in extension.
Alternative scenario
Below 2803.50 look for further downside with 2778.00 & 2762.75 as targets.
Comment
The RSI advocates for further advance.
(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")