Pivot
(invalidation):
1.2350
Our preference
Short positions below 1.2350 with targets at 1.2300 & 1.2270 in extension.
Alternative scenario
Above
1.2350 look for further upside with 1.2385 & 1.2420 as targets.
Comment
The RSI advocates 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")
