M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Session Overview
Silver Price Forecast is expected to trade under the bullish structure on h1 time frame, as the Silver Price Forecast operates above the recent low at 78.34439 on h1 time frame. As a result Silver Price Forecast build the fresh support at 78.54079 on h1 time frame. On the other hand, m15 time frame follows the bearish bias, as the Silver Price Forecast closes below last low at 84.98571 on m15 time frame. Meanwhile the structure secured the fresh resistance at 85.96469 on m15 time frame.
Support Zones
M15 Support Zone
84.61044 – 84.18622
Pending Demand Zone
Short Term Support Base
H1 Support Zone
78.54079 – 78.34439
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
85.96469 – 86.02996
Fresh Supply Zone
Short Term Resistance Area
H1 Resistance Zone
90.92689 – 91.36347
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price may continue the bullish bias on h1 time frame. Meanwhile the price continuous above the last low at 78.34439 on h1 time frame. In addition, acceptance below 78.34439 on h1 time frame. However the price could signal the structure shift to the bearish side and may build the fresh resistance at 82.00897 – 82.13173 on h1 time frame. In addition, a confirmed close above 87.21410 on m15 time frame. As a result structure may change from bearish to bullish and form the fresh support at 86.02996 – 85.96469 on m15 time frame.
Nyc Session Outlook
Although the price reflects the buyers strength on h1 time frame. Therefore price positioned above the recent low at 78.34439 on h1 time frame. Meanwhile the price remains aligned with the previous support zone on h1 time frame. As a result 78.54079 on h1 time frame, would act as the valid and active support. In addition, the m15 structure follows the bearish bias and confirmed the fresh resistance at 84.47429 on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
As the price trades in the bearish structure on m15 time frame. Therefore the price hasn’t setup any fresh support on m15 time frame. Meanwhile awaiting for the fresh breakout on m15 time frame.
H1 Support Zone
78.54079 – 78.34439
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
84.47429 – 84.73286
Fresh Supply Zone
Short Term Resistance Area
H1 Resistance Zone
90.92689 – 91.36347
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the structure could hold the bullish momentum on h1 time frame. Therefore the price operates above the recent low at 78.34439 on h1 time frame. Meanwhile, a decisive close below 78.34439 on h1 time frame. However the price may initiate the bearish momentum and could build the fresh resistance at 82.00897 – 82.13173 on h1 time frame. On the other hand, a secured close above 84.73286 on m15 time frame. As a result the buyers may take the control and form the fresh support at 84.13815 – 83.50034 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