Pivot (invalidation): 1.2415
Our preference
Long positions above 1.2415 with targets at 1.2455 & 1.2485 in extension.
Alternative scenario
Below 1.2415 look for further downside with 1.2380 & 1.2340 as targets.
Comment
The RSI advocates for further upside.
(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")