M15 & H1 Intraday Key Levels| Bullish Bias ( mid London shift)
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Gold Price Forecast may hold the bearish bias on h1 time frame. Therefore the price stay below the resistance at 4607.474 on h1 time frame. Meanwhile the price hasn’t established any fresh resistance on h1 time frame, as the previous resistance zone would remain active and valid on h1 time frame, However the m15 time frame secured the bullish momentum. As a result price established a breakout above 4576.328 on m15 time frame. Meanwhile the price hasn’t setup the fresh demand, as the previous fresh support zone already tapped on m15 time frame.
Resistance Zones
M15 Resistance Zone
4628.345 – 4635.148
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
4604.576 – 4607.474
Pending Supply Zone
Higher Time Frame Resistance Region
Support Zones
M15 Support Zone
4544.745 – 4541.056
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
4546.989 – 4529.960
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
Although the price is likely to maintain the bearish structure on h1 time frame. Therefore the price remains under the resistance at 4607.474 on h1 time frame. Meanwhile, a settled close above 4607.474 on h1 time frame. As a result price may til the bias to the bullish side and produce the fresh support at 4562.982 – 4555.318 on h1 time frame. In addition, a decisive close below 4541.056 on m15 time frame, price cold shift the short term ias to the bearish side and may build the fresh resistance at 4578.979 – 4582.708 on m15 time frame.
Nyc Session Outlook
However the price confirmed the bullish structure on h1 time frame. Meanwhile the price holds the lastest support at 4510.267 on h1 time frame. As a result price secured the fresh support at 4562.802 on h1 time frame. On the other hand, m15 time remains aligned with the he bias and confirmed the bullish bias while forming the fresh support at 4615.076 on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
4615.076 – 4613.914
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
4562.992 – 4555.318
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
4674.846 – 4676.127
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
4626.373 – 4740.502
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price carry on the bullish structure on h1 time frame. Therefore the price stay above the support at 4510.267 on h1 time frame. However, a firmly close below 4510.267 on h1 time frame. As a result price may tilt the trend to the bearish side and could produce the fresh resistance at 4555.318 – 4562.992 on h1 time frame. In addition, acceptance below 4612.185 on m15 time frame. As a result price may support the short term structure to the bearish side and may signal the fresh resistance at 4618.726 – 4629.726 on m15 time frame
Key Takeways
Trend: Bullish ( mid London shift)
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.
In addition, check out my Previous Gold Price Forecast
Moreover, for daily gold chart analysis, refer my Gold XAUUSD Analysis section