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. However the Silver Price Forecast positioned above the prior support zone at 77.50436 on h1 time frame. Meanwhile the Silver Price Forecast remains aligned with prior demand zone at 77.61202 on h1 time frame. On the other hand, the m15 time frame follows the bullish continuation, as the Silver Price Forecast hovers above latest support at 79.32628 on m15 time frame. As a result price established the fresh support at 79.61613 on m15 time frame.
Support Zones
M15 Support Zone
79.61613 – 79.32628
Fresh Demand Zone
Short Term Support Area
H1 Support Zone
77.61202 – 77.50436
Pending Demand Zone
Likely Support Reaction Area
Resistance Zones
M15 Resistance Zone
81.53743 – 81.69478
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
81.27568 – 84.47885
Pending Supply Zone
Higher Time frame Resistance Region
Session Strategy
Although the price may continue to hold the bullish momentum on h1 time frame. As a result price trades above the prior demand zone at 77.50436 on h1 time frame. However the acceptance below 77.50436 on h1 time frame, as the price may reinforce the bearish momentum and may build the fresh resistance at 78.06100 – 78.28754 on h1 time frame. Meanwhile, a sustained close below 79.32628 on m15 time frame. Meanwhile the price may signal the downside continuation and markout the fresh resistance at 80.44785 – 80.71100 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