Pivot
(invalidation): 17.0600
Our preference
Short positions below 17.0600 with targets at 16.7800 & 16.6300 in
extension.
Alternative scenario
Above 17.0600 look for further upside with 17.1400 & 17.2400 as targets.
Comment
The
RSI is bearish and calls for further decline
(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")