M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
Nyc Session Overview
Gold Price Forecast may hold the bullish bias on h1 time frame, as the price operates above the recent support zone at 4660.891 on h1 time frame. However the Gold Price Forecast confirmed the fresh support at 4683.160 on h1 time frame. Meanwhile the m15 continues to trade in bullish trend, while trading above the lastest support at 4660.891 on m15 time frame. As a result price secured the fresh demand area at 4672.190 on m15 time frame. In addition, acceptance above 4753.469 on h1 time frame. Meanwhile the may indicate the bullish continuation and establish the fresh support at 4729.437 – 4722.161 on h1 time frame
Support Zones
M15 Support Zone
4672.190 – 4660.891
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
4683.160 – 4660.891
Fresh Demand Zone
Higher Time Frame Support Reaction Area
Resistance Zones
M15 Resistance Zone
4755.219 – 4760.842
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
4794.589 – 4797.986
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price may maintain to trade under the bullish momentum on h1 time frame. As a result price holds the last support at 4660.891 on h1 time frame. Meanwhile a breakdown below 4660.891 on h1 time frame, as the price may shift the bias to the bearish side and establish the fresh resistance at 4717.872 – 4723.019 on h1 time frame. On the other hand, a close below 4660.891 on m15 time frame. As a result price may reinforce the bias to the downside and form the fresh resistance at 4717.872 – 4723.019 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