Pivot (invalidation): 16.2500
Our preference
Long positions above 16.2500 with targets at 16.6300 & 16.7800 in extension.
Alternative scenario
Below 16.2500 look for further downside with 16.1000 & 15.9400 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")