M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Session Overview
Gold Price Forecast may continue for the bullish structure on h1 time frame. Meanwhile the structure holds the positive bias until price stay above the low at 4480.577 on h1 time frame. However the bulls trade with the historic support range on h1 time frame. In addition, the bulls are carrying the bullish momentum forward on m15 time frame, as the Gold Price Forecast continues above the lastest low at 4532.055 on m15 time frame. However the structure continue with the previous support zone on m15 time frame.
Accumulation Zones
M15 Accumulation Zone
4520.208 – 4511.229
Old Support Range
Pending Reaction Area
H1 Accumulation Zone
4432.137 – 4417.953
Previous Sellers Range
Anticipated Shorting Area
Distribution Zones
M15 Distribution Zone
4620.293 – 4621.891
Prior Supply Range
Likely Sellers Reaction Area
H1 Distribution Zone
4682.173 – 4686.123
Historic Resistance Level
Confirmed Selling Zone
Session Strategy
However the buyers could take the bullish bias forward on h1 time frame. Meanwhile, the structure remains buyers favorable above the latest low at 4480.577 on h1 time frame. Therefore, breakdown below 4480.577 on h1 time frame, then the sellers may carry the momentum forward and may build the fresh resistance at 4529.813 – 4539.974 on h1 time frame. In addition, a close below 4532.055 on m15 time frame. As a result the structure could confirm the bearish bias and indicate the latest resistance at 4575.807 – 4584.365 on m15 time frame.
Nyc session Outlook
Although the structure may remain tilted towards the bullish outlook on h1 time frame. Therefore the bullish remain persist above the prior low at 4480.577 on h1 time frame. Meanwhile the reaction level would remain valid on h1 time frame. In addition, the bears control the m15 time frame bias, as structure continue negative below 4589.592 on m15 time frame. Although the buyers constructed the fresh selling boundary at 4575.807 on m15 time frame.
Key Accumulation & Distribution Zone
Accumulation Zones
M15 Accumulation Zone
4520.208 – 4511.229
Old Support Range
Pending Reaction Area
H1 Accumulation Zone
4432.137 – 4417.953
Previous Sellers Range
Anticipated Shorting Area
Distribution Zones
M15 Distribution Zone
4575.807 – 4584.365
Fresh Supply Range
Likely Sellers Reaction Area
H1 Distribution Zone
4682.173 – 4686.123
Historic Resistance Level
Confirmed Selling Zone
Session Strategy
However the bulls carry forward the bullish structure on h1 time frame. Although, the structure continue to advantage the buyers above the latest low at 4480.577 on h1 time frame. Meanwhile, a sustained close below 4480.577 on h1 time frame, as the sellers may develop the bearish momentum and may built the fresh resistance at 4529.813 – 4539.974 on h1 time frame. On the other hand, a close above 4589.592 on m15 time frame. As a result the structure may signal the establishment of bullish movement and mapped out latest support at – 4584.365 – 4575.807 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.
In addition, check out my Previous Gold Price Forecast
Moreover, for daily gold chart analysis, refer my Gold XAUUSD Analysis section