Pivot
(invalidation):
1.2400
Our preference
Long positions above 1.2400 with targets at 1.2465 & 1.2500 in extension.
Alternative scenario
Below
1.2400 look for further downside with 1.2370 & 1.2330 as targets.
Comment
The RSI lacks downward momentum.
![[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")