Pivot (invalidation): 106.65
Our preference
Short positions below 106.65 with targets at 105.30 & 105.00 in extension.
Alternative scenario
Above 106.65 look for further upside with 107.00 & 107.30 as targets.
Comment
The immediate trend remains down and the momentum is strong
(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")