
Pivot
(invalidation): 3397.00
Our preference
Short positions below 3397.00 with targets at 3323.00 & 3305.00 in extension.
Alternative scenario
Above 3397.00 look for further upside with 3431.00 & 3466.00 as targets.
Comment
The RSI is bearish and calls for further downside
(By Swissquote TRADING CENTRAL)

![[iVISTscalp5]: TSI — Timing Strength Index [iVISTscalp5]: TSI — Timing Strength Index](https://c.mql5.com/6/1015/splash-preview-772243.png)
![[XAUUSD]: Weekly Liquidity Activation Points (LAP), July 6 - July 10, 2026 [XAUUSD]: Weekly Liquidity Activation Points (LAP), July 6 - July 10, 2026](https://c.mql5.com/6/1015/splash-preview-772241.png)