Pivot (invalidation): 108.20
Our preference
Long positions above 108.20 with targets at 108.65 & 108.80 in extension.
Alternative scenario
Below 108.20 look for further downside with 108.05 & 107.90 as targets.
Comment
A support base at 108.20 has formed and has allowed for a temporary stabilisation.
(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")