M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Session Overview
Gold Price Forecast remains bears dominating on h1 time frame, with the Gold Price Forecast holds the last high at 4570.970 on h1 time frame. However the bears created the supply boundary at 4545.658 on h1 time frame. In addition, the m15 time frame continue to stay align with h1 bearish bias on m15 time frame. As a result bers defends the latest high at 4539.893 on m15 time frame. Although bearish structure confirms the establishment of latest supply zone at 4533.127 on m15 time frame.
Distribution Zones
M15 Distribution Zone
4533.127 – 4539.893
Fresh Supply Base
Intraday Distribution Range
H1 Distribution Zone
4545.658 – 4550.419
Latest Resistrition Region
Major Supply Range
Accumulation Zones
M15 Accumulation Zone
4477.239 – 4467.465
Pending Buying Base
Possible Support Reaction Zone
H1 Accumulation Zone
4432.137 – 4417.953
Previous Buying Level
Key Support Range
Session Strategy
However the structure may drive the bearish bias further on h1 time frame. Therefore structure keeps the price below the high at 4570.970 on h1 time frame. Meanwhile, a confirmed close above 4570.970 on h1 time frame. As a result structure may initiate the momentum for the buyers and shape the fresh support at 4550.419 – 4545.658 on h1 time frame. Moreover, sustained close above 4539.893 on m15 time frame, while the could convert bearish bias to the bullish structure and print the fresh demand boundary at 4523.292 – 4518.792 on m15 time frame.
Nyc Session Outlook
Although the bearish structure would keep the sellers interested on h1 time frame, as the price continues below the previous high at 4570.970 on h1 time frame. However the existing resistance boundaries on h1 time frame may stay effective. In addition, the sellers would remain favored by the m15 time frame structure, while price positioned below the last high at 4542.666 on m15 time frame. Meanwhile the printed the fresh resistance at 4537.971 on m15 time frame.
Key Distribution & Accumulation Zone
Distribution Zones
M15 Distribution Zone
4537.971 – 4542.666
Fresh Supply Base
Intraday Distribution Range
H1 Distribution Zone
4545.658 – 4550.419
Old Resistrition Region
Major Supply Range
Accumulation Zones
M15 Accumulation Zone
4477.239 – 4467.465
Pending Buying Base
Possible Support Reaction Zone
H1 Accumulation Zone
4432.137 – 4417.953
Previous Buying Level
Key Support Range
Session Strategy
However the broader structure may continue supporting the sellers on h1 time frame, as the sellers influence the price to stay below the high at 4570.970 on h1 time frame. Therefore, a secured close above 4570.970 on h1 time frame. However the buyers may initiate dictating the price and shape the fresh support at 4550.419 – 4545.658 on h1 time frame. In addition, a confirmed close above 4542.666 on m15 time frame, while the could establish the bullish structure and print the fresh demand boundary at 4512.887 – 4512.154 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.
In addition, check out my Previous Gold Price Forecast
Moreover, for daily gold chart analysis, refer my Gold XAUUSD Analysis section