M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
Nyc Session Overview
Silver Price Forecast may continue to support the buyers on h1 time frame. As a result price operates above the recent support zone at 77.51875 on h1 time frame. Meanwhile the Silver Price Forecast introduced the fresh support at 77.62046 on h1 time frame. In addition, the m15 time follows the bullish continuation, while establishing the fresh support at 77.51517 on m15 time frame. Moreover as long as the price holds the support at 77.51875 on h1 time frame, the bullish bias would remain intact.
Support Zones
M15 Support Zone
77.51517 – 77.49787
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
77.62046 – 77.51875
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
80.54883 – 80.67689
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
80.53290 – 81.02138
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may remain favorable for the buyers on h1 time frame. Therefore, the price stay above the latest support zone at 77.51875 on h1 time frame. Meanwhile, a finish below 77.51875 on h1 time frame, as the price may turn the bias to sellers side. As a result price may markout the fresh resistance at 78.06030 – 78.28527 on h1 time frame. On the other hand, a confirmed close below 77.49787 on m15 time frame. As a result price could initiate the downside continuation and setup the fresh resistance at 78.09491 – 78.28527 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