M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the Silver Price Forecast may remain tilted to the bearish side on h1 time frame. Meanwhile the Silver Price Forecast operates below the last resistance at 78.38083 on h1 time frame. In addition, m15 time frame continuing the bearish momentum, while the Silver Price Forecast remain capped below the near by resistance at 78.38083 on m15 time frame. Moreover, if Silver Price Forecast manages to close below 75.67441 on m15 time frame. As a result Silver Price Forecast would confirm the continuation of bearish trend and may form the fresh resistance at 76.26711 – 76.33684 on m15 time frame.
Resistance Zones
M15 Resistance Zone\ H1 Resistance Zone
78.17968 – 78.38388
Pending Supply Zone
Short Term Key Resistance Zone
Support Zones
M15 Support Zone
75.04816 – 74.92284
Pending Demand Zone
Short Term Support Base
H1 Support Zone
67.33435 – 65.50926
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
However the price may continue to support the bearish bias on h1 time frame. As a result price operates below resistance at 78.38388 on h1 time frame. Therefore if price records a close above 78.38388 on h1 time frame. Meanwhile the price may secure the bullish structure shift and may set up the fresh support at 77.54017 – 76.40766 on h1 time frame. On the other hand, acceptance above 78.38388 on m15 time frame, price would change the structure to the bullish side and could confirm the fresh support at 76.62103 – 76.39596 on m15 time frame. Meanwhile until 78.38388 remains intact on m15 time frame, the further downside momentum would remain intact.
Nyc Session Outlook
Although the price could continue to respect the bearish bias on h1 time frame. As a result the price remains capped below the latest resistance at 78.68859 on h1 time frame. Meanwhile the h1 time frame introduced the fresh resistance at 78.51148 on h1 time frame. In addition, m15 time frame follows the bearish bias of h1 time frame and generated the fresh resistance at 76.22171 on m15 time frame.
Key Resistance & Support Zone
Resistance Zones
M15 Resistance Zone
76.21994 – 76.37265
Fresh Supply Zone
Short Term Key Resistance Zone
H1 Resistance Zone
78.51822 – 78.67857
Fresh Supply Zone
Short Term Key Resistance Zone
Support Zones
M15 Support Zone
75.04816 – 74.92284
Pending Demand Zone
Short Term Support Base
H1 Support Zone
67.33435 – 65.50926
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
However the price may keep trading under the bearish bias on h1 time frame. As a result price hovers below resistance at 78.67857 on h1 time frame. Meanwhile if price post a close above 78.67857on h1 time frame. Meanwhile the price could secure the bullish bias and could set up the fresh support at 75.67782 – 75.41282 on h1 time frame. In addition, a decisive close above 76.37265 on m15 time frame, price could change the momentum to the bullish side and may confirm the fresh support at 75.84140 – 75.76521 on m15 time frame.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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