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 gained the bullish momentum on h1 time frame during the mid nyc yesterday. Therefore the the buyers remains effective above the latest low at 73.88140 on h1 time frame. Although the structure remains aligned to the old support zone, as the fresh support at 76.24866 on h1 time frame is already tapped by the price. In addition, the m15 structure continues with bullish trend, while trading above latest low at 75.72834 on m1 time frame. Meanwhile the price established the fresh demand at 76.05604 on m15 time frame.
Accumulation Zones
M15 Accumulation Zone
76.05604 – 75.98322
Latest Support Range
Anticipated Boundary Level
H1 Accumulation Zone
65.31546 – 64.67674
Old Demand Level
Potential Range Boundary
Distribution Zones
M15 Distribution Zone
77.85526 – 78.20623
Pending Supply Range
Former Selling Level
H1 Distribution Zone
84.88927 – 85.26949
Historic Selling Range
Old Supply Limit
Session Strategy
Although the momentum would keep the buyers intact on h1 time frame, through this the Silver Price Forecast stay positive above 73.88140 on h1 time frame. However, a define break below 73.88140 on h1 time frame. As a result, price could change the structure to the downside and secured the fresh resistance at 75.91031 – 76.24665 on h1 time frame. On the other hand, acceptance below 75.72834 on m15 time frame, structure could shift the bias to sellers side and markout the fresh resistance at 75.98322 – 76.05604 on m15 time frame.
Nyc Session Outlook
However the bullish structure continue favor the buyers on h1 time frame. Therefore the price trades above the last low at 73.88140 on h1 time frame. However, buyers continues with prior support zone on h1 time frame. In addition, sellers take the control of m15 time frame bias, as the structure accepted close below 75.72834 on m15 time frame. As a result price secures the fresh resistance boundary at 75.98322 on m15 time frame.
Key Accumulation & Distribution Zone
Accumulation Zones
M15 Accumulation Zone
74.90500 – 74.85079
Prior Support Range
Anticipated Boundary Level
H1 Accumulation Zone
65.31546 – 64.67674
Old Demand Level
Potential Range Boundary
Distribution Zones
M15 Distribution Zone
75.98322 – 76.05604
Pending Supply Range
Former Selling Level
H1 Distribution Zone
84.88927 – 85.26949
Historic Selling Range
Old Supply Limit
Session Strategy
Although the structure may continue to trade in the bullish tone on h1 time frame. However the Silver Price Forecast remains favorable for the buyers above 73.88140 on h1 time frame. Meanwhile, a registered close below 73.88140 on h1 time frame. However, structure may summon the sellers and could registered the fresh supply field at 75.91031 – 76.24665 on h1 time frame. In addition, if price ended above 76.68242 on m15 time frame, the structure may register the bullish movement and markout the fresh demand boundary at 75.97258 – 75.72642 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