Pivot (invalidation): 108.90
Our preference
Short positions below 108.90 with targets at 108.60 & 108.40 in extension.
Alternative scenario
Above 108.90 look for further upside with 109.00 & 109.15 as targets.
Comment
The RSI shows downside momentum.
(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")