M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the Silver Price Forecast may continue the bullish momentum on h1 time frame. As a result the Silver Price Forecast may continue to hold the last support at 72.60754 on h1. In addition, the h1 time frame hasn’t set up any fresh support zone on h1 time frame. Therefore the pending support zone would remain valid. Meanwhile the m15 time frame validate the bullish structure, as the Silver Price Forecast closes above 74.90537 on m15 time frame and created the fresh support zone at 76.67220 on m15.
Support Zones
M15 Support Zone
76.67220 – 76.52152
Fresh demand Zone
Short Term Key Support Base
H1 Support Zone
65.31546 – 64.67674
Pending Support Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
79.94658 – 80.18100
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
82.46183 – 82.55164
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price is likely to maintain the bullish price structure on h1 time frame. As a result, the price trades above the last support at 72.60754 on h1 time frame. Therefore a secured close below 72.60754 on h1 time frame. As a result price could signal shift of character to the bearish side and may set up the fresh resistance zone at 76.31933 – 76.83926 on h1 time frame. On the other hand, if price record a close below 76.52152 on m15 time frame. As a result price may confirm the change of character to the bearish side and may generate the fresh resistance at 77.17747 – 77.18784 on m15 time frame.
Nyc Session Outlook
Although the price is likely to hold the bullish bias on h1 time frame. As a result price continue to hold the last support at 72.60754 on h1 time frame. Meanwhile the price hasn’t confirmed any fresh support zone on h1 time frame. therefore the pending support zone on h1 time frame would remain valid. In addition the m15 time frame established the fresh support zone at 76.67220 on m15 time frame. Moreover close above 78.14756 on h1 time frame would set up the fresh support at 77.51851 – 77.31881 on h1.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
76.67220 – 76.52152
Pending demand Zone
Short Term Key Support Base
H1 Support Zone
65.31546 – 64.67674
Pending Support Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
79.94658 – 80.18100
Pending Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
82.46183 – 82.55164
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price is likely to maintain the bullish price structure on h1 time frame, as the price may continue to hold the last support at 72.60754 on h1 time frame. Therefore a record close below 72.60754 on h1 time frame. As a result price may tilt the shift of character to the bearish side and could set up the fresh resistance zone at 76.31933 – 76.83926 on h1 time frame. On the other hand, if price post a close below 76.52152 on m15 time frame. As a result price could shift the short term bias to the bearish side and may shape the fresh resistance at 77.17747 – 77.18784 on m15 time frame.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.
Moreover, check out my Previous XAGUSD Analysis section.
In addition, for daily XAGUSD silver chart analysis refer my XAGUSD Daily Analysis section