Pivot
(invalidation):
1.2270
Our preference
Short positions below 1.2270 with targets at 1.2200 & 1.2175 in extension.
Alternative scenario
Above
1.2270 look for further upside with 1.2300 & 1.2325 as targets.
Comment
The index currently faces a challenging resistance area at 1.2270.
(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")