M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Silver Price Forecast may continue under the bearish pressure on h1 time frame. Therefore the price operates below the resistance at 76.98379 on h1 time frame. Although the Silver Price Forecast hasn’t introduced any fresh resistance zone on h1 time frame. As a result the pending resistance zone would remain valid and active on h1 time frame. In addition, the m15 time frame may carry on its bullish momentum on m15 time frame, as the Silver Price Forecast printed the fresh support at 75.60375 on m15 time frame.
Resistance Zones
M15 Resistance Zone
78.18018 – 78.38040
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
78.51388 – 78.69230
Pending supply Zone
Higher Time Frame Resistance Zone
Support Zones
M15 Support Zone
75.60375 – 75.43163
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
65.31546 – 64.67674
Pending Demand Zone
Higher Time Frame Support Region
Session Strategy
However the price may hold the bearish bias on h1 time frame. Therefore the price holds the recent prior resistance at 76.98379 on h1 time frame. Meanwhile a breakout above 76.98379 on h1 time frame. As a result price could initiate the bullish momentum and may identify the fresh support at 74.57614 – 74.35951 on h1 time frame. On the other hand, a breakdown below 75.43163 on m15 time frame, as the price may initiate to support the sellers, while forming the fresh resistance at 75.81698 – 75.83615 on m15 time frame.
Nyc Session Outlook
Although the price confirmed the bullish character shift on h1 time frame. Therefore the price closes above the prior resistance at 76.98379 on h1 time frame. As a result price secured the fresh support at 74.57614 on h1 time frame. Meanwhile the price extending its bullish continuation on m15 time frame. Therefore the price established the fresh support at 76.01136 on m15 time frame.
Key Support & Resistance Zones
Support Zones
M15 Support Zone
76.01136 – 75.97991
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
74.57614 – 74.35951
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
78.84960 – 79.04634
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
78.51388 – 78.69230
Pending supply Zone
Higher Time Frame Resistance Zone
Session Strategy
However the price may hold the bullish structure on h1 time frame. Therefore the price operates above the recent latest support at 72.22132 on h1 time frame. Meanwhile a breakdown below 72.22132 on h1 time frame. As a result price may initiate the bearish momentum and could identify the fresh resistance at 76.28544 – 76.97886 on h1 time frame. On the other hand, a close below 75.97991 on m15 time frame, as the price could confirm to support the sellers, while forming the fresh resistance at 76.31476 – 76.34655 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