M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Session Overview
Silver Price Forecast continue with bearish structure on h1 time frame, with this sellers defends the fresh high at 77.40526 on h1 time frame. However the printed the fresh resistance order block at 77.11344 on h1 time frame. On the other hand, m15 structure shows the sellers dominance. As a result Silver Price Forecast trades below the latest high at 76.92539 on m15 time frame. Although the structure introduced the fresh resistance zone at 76.65055 on m15 time frame.
Supply Zones
M15 Supply Zone
76.65055 – 76.92539
Latest Resistance Field
Shorter Time Frame Selling Area
H1 Supply Zone
77.11344 – 77.40526
Fresh Distribution Boundary
Anticipated Reaction Base
Demand Zones
M15 Demand Zone
71.39617 – 71.31043
Old Support Base
Possible Buying Zone
H1 Demand Zone
65.31546 – 64.67674
Pending Support Region
Higher time Frame Buying Area
Session Strategy
However the sellers may continue to effect the price on h1 time frame. Therefore the price trades below the latest high at 77.40526 on h1 time frame. Meanwhile, break above 77.40526 on h1 time frame. However the sellers may lose the momentum and the buyers could confirm the fresh demand at 76.24553 – 75.92475 on h1 time frame. In addition, a secured close above 76.92539 on m15 time frame. As a result the buyers may gain momentum and may secure the fresh support at 75.88999 – 75.74627 on m15 time frame.
Nyc Session Outlook
Although the structure may continue to trade under the bearish momentum on h1 time frame, while the structure remain bearish below the last high at 77.40526 on h1 time frame. Meanwhile the structure continues to follow te historical supply zone on h1 time frame. On the other hand, the buyers took the control on m15 time frame, as the bears accepts the close above at 75.64338 on m15 time frame. However the price introduced the fresh support at 75.73987 on m15 time frame.
Key Supply & Demand Zone
Supply Zones
M15 Supply Zone
77.26670 – 77.40526
Old Resistance Field
Shorter Time Frame Selling Area
H1 Supply Zone
77.11344 – 77.40526
Fresh Distribution Boundary
Anticipated Reaction Base
Demand Zones
M15 Demand Zone
75.73987 – 75.39932
Fresh Support Base
Possible Buying Zone
H1 Demand Zone
65.31546 – 64.67674
Pending Support Region
Higher time Frame Buying Area
Session Strategy
However the structure is expected to remain under the bearish bias on h1 time frame. Meanwhile the price hovers below the prior high at 77.40526 on h1 time frame. However, acceptance above 77.40526 on h1 time frame. As a result the buyers may gain the momentum and form the fresh demand at 76.24553 – 75.92475 on h1 time frame. Moreover, a move below 75.39932 on m15 time frame. As a result the sellers establish the bearish bias and may build the fresh distribution zone at 76.17692– 76.33585 on m15 time frame.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
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