Pivot (invalidation): 1.1225
Our preference
Short positions below 1.1225 with targets at 1.1180 & 1.1160 in extension.
Alternative scenario
Above 1.1225 look for further upside with 1.1240 & 1.1255 as targets.
Comment
The RSI is bearish and calls for further downside.
(By Swissquote TRADING CENTRAL)
![[iVISTscalp5]: XAUUSD. Forecast First. Market Reaction Afterwards](https://c.mql5.com/6/1035/splash-preview-777232.png "[iVISTscalp5]: XAUUSD. Forecast First. Market Reaction Afterwards")