Pivot
(invalidation): 0.7150
Our preference
Short positions below 0.7150 with targets at 0.7090 & 0.7070 in extension.
Alternative scenario
Above 0.7150 look for further upside with 0.7175 & 0.7200 as targets.
Comment
The immediate trend remains down and the momentum is strong
(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")