Pivot
(invalidation):
1.2365
Our preference
Short positions below 1.2365 with targets at 1.2290 & 1.2245 in extension.
Alternative scenario
Above
1.2365 look for further upside with 1.2395 & 1.2425 as targets.
Comment
The break below 1.2365 is a negative signal that has opened
a path to 1.2290.
(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")