
Pivot
(invalidation): 12790.00
Our preference
Long positions above 12790.00 with targets at 13030.00 & 13098.00 in extension.
Alternative scenario
Below 12790.00 look for further downside with 12700.00 & 12599.00 as targets.
Comment
The immediate trend remains up but the momentum is weak.
(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)